With the Bitcoin ETF approval around the corner, everyone’s wondering where is Bitcoin heading from here onwards. Earlier this week, the Bitcoin price gave a strong breakout above $45,000 and continues to hold above this level.
Bitcoin Price Target At $50,000 And More?
Some on-chain metrics suggest that Bitcoin is currently facing some buying pressure at the current levels.
In the latest analysis from crypto expert Ali Martinez, Bitcoin is maintaining its position above the $44,900 mark, and the ongoing buying pressure in this range could potentially drive a surge towards the $49,000 mark. The resilience of this key support level is deemed crucial for Bitcoin to sustain its upward momentum.
Courtesy: Ali Martinez
In the latest insights crypto analyst Ali Martinez draws attention to the Bitcoin MVRV Pricing Bands, a metric indicating potential price targets for Bitcoin ($BTC). The MVRV ratio, or Market Value to Realized Value ratio, is a measure used to assess
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