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Breaking News: XRP Outlook Slashed: Standard Chartered Lowers Forecast From $8 To $2
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Breaking News: XRP Outlook Slashed: Standard Chartered Lowers Forecast From $8 To $2

Is The Bitcoin Bull Cycle Really Over? This Indicator Suggests Price Could Rebound To $130,000

Opeyemi Sule
Opeyemi Sule
Last Updated: March 1, 2025 5:00 pm
2 mins read
Bitcoin

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The past week has been a rollercoaster ride for the cryptocurrency market, as the value of most large-cap assets took a significant hit over the last seven-day period. Specifically, the Bitcoin price fell beneath $80,000 for the first time since that almost vertical surge in November 2024.

As expected, the market downturn has led to discussions and commentary about the price of Bitcoin already reaching its top in this cycle. Nevertheless, the latest on-chain data suggests that the premier cryptocurrency might still have room for a final upward rally.

How BTC Price Could Go For A Final Peak In This Cycle

In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Tarekonchain revealed the “truth” behind the current cycle, saying the latest market crash might be an opportunity for investors to buy the dip. This prediction is based on a key on-chain indicator, the MVRV Ratio.

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The MVRV (Market Value to Realized Value) ratio is an indicator that tracks the ratio between a coin’s market cap and its realized cap. When the value of this ratio is greater than 1, it implies that more investors are considered to be in profit at the moment.

High MVRV ratios are considered price top signals, as traders typically show a propensity to sell off their assets when they are in the green. According to Tarekonchain, the price of Bitcoin peaked in every previous cycle when the MVRV ratio crossed 3.5.

Bitcoin
Source: CryptoQuant

However, on-chain data shows that this indicator only reached 2.7 as the price of Bitcoin notched a new all-time high around the $110,000 region. Tarekonchain noted that the Bitcoin price might not have topped out in the current cycle as its MVRV ratio is yet to reach 3.5 as it did in previous cycles.

The Quicktake analyst also noted that while BTC’s slump beneath the 365-day moving average is undeniably a bearish signal, the premier cryptocurrency still has an opportunity to rebound from the critical $65,000 support level. “This does not mean the price must reach $65K, but rather that it’s a strong support level,” Tarekonchain added.

According to the analyst, the MVRV ratio needs to at least cross 3.0 to be able to confirm the Bitcoin price reaching the cycle top. If the premier cryptocurrency finds support and successfully rebounds, investors could see BTC target new all-time highs — the final peak of this cycle — around $120K–$130K.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $85,000, reflecting no significant movement in the past 24 hours.

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The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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