Bitcoin Advanced NVT Surpasses Critical Threshold Indicating Potential Price Shift
Bitcoin recently surpassed the $100,000 threshold, reaching a peak of $103,800, its highest level since January 2025. On-chain data indicates a critical period for BTC's price.
Market Analysis
- Crypto analyst Burak Kesmeci noted that the Bitcoin Advanced Network Value to Transaction (NVT) metric has exceeded a crucial level.
- This metric measures the ratio of market cap to daily blockchain transaction volume.
- A surge above two standard deviations (2xSD) from the long-term moving average suggests potential price movements.
- Historically, this scenario can lead to either significant price rallies or corrections.
Kesmeci indicated that the Advanced NVT remains above 2xSD, which typically precedes a parabolic rally in Bitcoin's price. He referenced past instances where BTC rallied significantly after similar conditions were met.
Current Price Overview
- Bitcoin regained a six-figure valuation for the first time since February, currently trading just above $103,100.
- The price reflects a 0.5% increase over the last 24 hours and over 6% for the week.
