#BTC Network analyses indicate that Bitcoin may be on the brink of a new price peak, with warnings issued by the market value to realized value (MVRV 365DMA) indicator, which is used to identify peaks in historical cycles.
Analyst “Yonsei_dent” from the “CryptoQuant” platform compares the 2025 cycle to the twin peaks of 2021, when Bitcoin reached two consecutive peaks six months apart before entering a bear market.
He warns of the possibility of a similar scenario repeating itself, as the second peak is expected around September 10, while it could actually appear earlier – perhaps in late August – due to the lagging nature of the indicator.
Despite the recent price increase and a weekly candle closing at $119,466, the indicator warns of the need for caution, especially with other technical signals emerging such as the negative divergence between price and the relative strength index, and ongoing liquidation levels near $114,000.
As of Monday, the price of Bitcoin settled at $118,800, up 0.5% over 24 hours, but still below its recent historical peak of $123,091.
The price has increased by 10.6% over the month and 75% over the year, but has seen a weekly stabilization at 0.1%.
In this context, with the price remaining within a narrow range, the coming weeks could be crucial in determining market direction, especially with anticipation of macroeconomic updates such as the possibility of U.S. interest rate cuts.$BTC