Bitcoin has had a strong start to 2025, signaling potential for significant upside movement. The Puell Multiple, which compares miners' USD revenue to its yearly average, suggests the network's strength remains strong. The MVRV Z-Score indicates that current values are below historical peak regions, leaving room for growth. The Bitcoin Fear and Greed Index shows a sustainable amount of greedy sentiment, supporting prolonged bullish momentum. The Active Address Sentiment Indicator suggests untapped retail demand that could fuel the next rally. Additionally, improving traditional market sentiment and a shift to a more risk-on outlook support Bitcoin's performance. Overall, on-chain metrics, market sentiment, and macro perspective all indicate a continuation of the current bull market and potential for Bitcoin to reach and surpass its all-time high.



Other News from Today