Bitcoin is trading around 94,000 USD, down from a peak of over 108,000 USD. Analysts note this price level reflects that BTC has not yet reached its cycle top, supported by over 20 market metrics.
The MVRV metric is at 3, below historical overheating thresholds, while long-term holder profitability metrics at 0.75 signal potential for price growth. The yearly realized profit/loss ratio at 580% also enhances this outlook.
Based on the Investor Tool metrics, Bitcoin could rise to 230,000 USD at peak, though another view suggests a limit of 151,000 USD. The Value Days Destroyed Multiple remains favorable for further growth.