Is a Major Rebound Ahead for BTC? | Airdrop Alert Pro

Bitcoin (BTC) prices continue to validate short-term bearish sentiment after falling below $95,000 Wednesday morning during New York trading hours. The bullish momentum of the flagship coin has declined significantly since mid-November.

Cryptocurrency-supporting president-elect about to hold second inauguration Donald Trump Donald Trump Donald Trump is a former American presidential politician, businessman, and media figure who served as the 45th President of the United States from 2017 to 2021. Trump received a bachelor’s degree in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election while Democratic candidate Hillary Clinton lost the popular vote. As president, Trump ordered travel bans on citizens of several Muslim-majority countries, directed military funds toward building a wall along the U.S.-Mexico border and implemented a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a possible candidate for the 2024 presidential election president As the hype intensifies, it could very well turn into a sell-off news event. Additionally, Bitcoin futures open interest (OI), used to predict medium-term expectations, has been stagnant over the past two months.

Medium-term expectations for Bitcoin price via MVRV pricing range

with fear Bitcoin price continues bearish sentiment The Market Value to Realized Value (MVRV) indicator is likely to fall below $90,000 in the coming days, indicating a sharp rebound ahead. Currently, Bitcoin’s MVRV ratio is higher than the 1-year moving average (MA) is 2.18.

Historically, Bitcoin price has been above the 3.2 MVRV ratio approximately 5% of trading days. Typically, Glassnode famous When the MVRV ratio is above 3.2, the threshold for extreme euphoria is reached.

Therefore, if the Bitcoin price reached the 3.2 MVRV ratio (which is associated with extreme excitement), the corresponding value would be approximately $132,000.

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Bitcoin price continues to experience diminishing returns amid mainstream adoption led by institutional investors. However, growing confidence in Bitcoin will continue to attract more cash flow from the gold market and traditional finance (TradFi) in the coming years.

Furthermore, more nation-states may follow suit El Salvador The United States under the administration of Donald Trump implemented a Bitcoin strategic reserve. Therefore, demand and supply shocks will continue to intensify as long-term investor demand increases.

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