Analyst: The 180 day MVRV Z score indicates that BTC is not yet extremely overbought and is expected to rise significantly

Odaily Planet Daily News: Currently, Bitcoin is approaching a critical moment of breaking through its peak. If the breakthrough is successful, analysts expect a large-scale rebound, which will quickly and continuously set new historical highs. Investors are particularly optimistic because historically, the year after 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, supported by the smooth MVRV Z score of the 180 day moving average. This indicator is typically used to evaluate market conditions, indicating that the price of Bitcoin has not yet reached extreme overbought levels, leaving room for a significant increase.