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Bitcoin analysts say this must happen for BTC price to break $112K
Bitcoin’s 50% rally to $112,000 from its April lows below $74,000 appears to be cooling off, but traders believe BTC remains on track toward higher targets in 2025. Several analysts explain what must happen to increase Bitcoin’s potential to break into price discovery in the following days or weeks. Calm before the storm? MVRV momentum slows The de-escalation of the Israel-Iran war saw Bitcoin rebound strongly, reclaiming the 50-day simple moving average (SMA) currently sitting around $106,000. Meanwhile, the momentum shown by the market value realized value (MVRV) ratio appears to be stalling, according to ... (full story)
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