Analyst: 180-day MVRV Z-score indicates BTC is not yet extremely overbought and is expected to rise sharply

CoinRank News: Currently, Bitcoin is approaching a critical moment to break through the highs. If the breakthrough is successful, analysts expect a massive rally, which will set new all-time highs in rapid succession. Investors are particularly optimistic because historically, the year after the halving has brought the highest returns for BTC, making this stage crucial for long-term growth. CryptoQuant analyst Axel Adler pointed out that the BTC market is still in a growth phase, which is supported by the MVRV Z-score smoothed by the 180-day moving average. This indicator is often used to assess market conditions and shows that the price of Bitcoin has not yet reached extreme overbought levels, leaving room for a sharp rise.