## Bitcoin Bull Market Signals Emerge Recent on-chain analysis suggests that Bitcoin may be entering a new bull market phase. According to CryptoQuant analyst Axel Adler Jr., key indicators point towards a recovery of confidence among BTC holders. ### Positive MVRV Signals Bullish Sentiment The Yearly True MVRV (Market Value to Realized Value), excluding coins with low circulation probability, has turned positive. This indicates a shift towards bullish sentiment within the Bitcoin holder base. Investor panic selling is decreasing, and a significant number of BTC holders are now back in a profitable position. ### Price Increase Expected The analysis anticipates that Bitcoin prices will continue to rise as long as holders are not inclined to realize profits. This aligns with typical bull market behavior, suggesting that the current positive trend could be sustained. The data suggests that the beginning of a Bitcoin bull market is underway, driven by renewed investor confidence and a reduction in sell-side pressure. ```