Bitcoin MVRV-Score signals that BTC is far from its bull cycle top price.
As more bullish signals and indicators arrive, analysts set high ATH price targets.
Presently, BTC is preparing to surge from $117,500 to $250,000 this bull cycle.
Reputed silver-tongued crypto analyst known for his many accurate predictions, Doctor Profit, just turned heavily bullish once again. Now, he draws attention to the Bitcoin MVRV-Score signal, saying it indicates that BTC is far from its bull cycle top. He then goes on to share multiple bullish posts highlighting where the price of Bitcoin will go next and what the next BTC price pump targets will be.
Bitcoin MVRV-Score Signals BTC Far From Cycle Top
A popular analyst known for making accurate crypto predictions turned bearish twice this year, only to turn heavily bullish again. While many see this as behavior, Doctor Profit advocates these moves to be cautious and very necessary to preserve profits in a highly volatile market, especially when one holds a large amount of funds that could yield life-changing profits and generational wealth.
Unafraid of being called out for his moves, Doctor Profit continues to provide free advice on the price movements of popular cryptocurrencies. In particular for Bitcoin (BTC), the analyst was expecting to see another price dip that would take the price of BTC to the $90,000 price range. However, since uncertainty over a possible war wanes, the analyst is back to expecting bullish price pumps for Bitcoin (BTC).
https://twitter.com/DrProfitCrypto/status/1937610879346049276
With renewed bullish fervour, the analyst draws attention to the MVRV-Score, which he says is signaling that the price of BTC is far from its cycle top. As the chart depicted in the post above shows, Bitcoin has bottomed whenever the price of BTC hits the blue region, and when it hits the red region, this marks the top. He confirms again that the MVRV chart proves that the price of BTC is yet to hit its cycle top price.
https://twitter.com/DrProfitCrypto/status/1937556479315153108
The analyst then reaffirms the same sentiment, saying that the crypto bull cycle is far from over. As we can see from the post above, the analyst says that we have seen nothing yet and that the price of BTC is preparing to make brutal and powerful pumps in terms of price for the coming months ahead. This matches the expectations of several other reputed analysts who expect BTC to hit much higher ATHs in the coming weeks and months ahead.
In particular, one analyst expects BTC to blow past the $117,500 price target soon. This means that BTC is not only expecting a new ATH, but rather a string of several new ATH prices in the near future. According to the post above, Doctor Profit believes the price of Bitcoin is on its way to hit many new ATH targets between the bullish price region of $180,000 and $250,000
