BitcoinLong
BTC - 2025 Bull Market Continuation(?)
Pi Cycle Top
Pi Cycle Top has been a pretty accurate indicator for picking cycle tops in previous cycles. Pi Cycle Top is defined as the convergence of the 111-day SMA and the 350-day SMA (Multiplied by 2). As of January 2025 we can see a lot of room between the 111 and 350*2 SMAs, suggesting that we have plenty of scope for more upward price movement from here.
MVRVZ
MVRV-Z is useful because it combines Bitcoin's market value and realized value with historical volatility to identify extremes of overvaluation or undervaluation, making it a reliable tool for spotting market cycle tops and bottoms. By highlighting when Bitcoin's price significantly deviates from its historical trend, MVRV-Z provides valuable insights into whether the bull market is over or still has room to grow.
You can see from the vertical green and red lines where this indicator has triggered in previous cycles (ie. the indicator has reached the upper and lower purple signal lines). As we can see, in the current cycle we're a long way from reaching the top signal line, again suggesting that we have plenty of scope for more upward price movement.
Enjoy the rest of the bull market folks! 🚀
Pi Cycle Top has been a pretty accurate indicator for picking cycle tops in previous cycles. Pi Cycle Top is defined as the convergence of the 111-day SMA and the 350-day SMA (Multiplied by 2). As of January 2025 we can see a lot of room between the 111 and 350*2 SMAs, suggesting that we have plenty of scope for more upward price movement from here.
MVRVZ
MVRV-Z is useful because it combines Bitcoin's market value and realized value with historical volatility to identify extremes of overvaluation or undervaluation, making it a reliable tool for spotting market cycle tops and bottoms. By highlighting when Bitcoin's price significantly deviates from its historical trend, MVRV-Z provides valuable insights into whether the bull market is over or still has room to grow.
You can see from the vertical green and red lines where this indicator has triggered in previous cycles (ie. the indicator has reached the upper and lower purple signal lines). As we can see, in the current cycle we're a long way from reaching the top signal line, again suggesting that we have plenty of scope for more upward price movement.
Enjoy the rest of the bull market folks! 🚀
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