Editor's PiCK
[Analysis] "Bitcoin Rise Expectations Reasonable...Altcoins Not at Peak Yet"
Summary
- Crypto Dan stated that Bitcoin hasn't entered the overvalued zone and has potential for further upside.
- Dan emphasized that spot ETF approval and Trump's pro-Bitcoin policies have just begun, suggesting these factors raise expectations for growth.
- Regarding altcoins, he explained that low MVRV indicators and limited new capital inflow suggest we're not at the peak, indicating potential for further gains.
Analysis suggests Bitcoin (BTC) has significant potential for further gains.
On the 13th, Crypto Dan, a CryptoQuant contributor, stated that "Bitcoin value hasn't entered the overvalued zone in this cycle yet." Dan noted that "while it's difficult to determine if the bull market is ending based on available data alone," adding that "it's reasonable to expect further upside considering spot ETF approval and Trump's pro-Bitcoin policies are just beginning."
Dan also indicated potential further gains for altcoins. He explained that "MVRV (Market Value to Realized Value) remains low compared to this bull market's peak," and "we haven't yet seen the explosive inflow of new capital that typically signals the peak of altcoin season." He added that "these factors suggest there's still room for market growth" and that "it's worth having patience."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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