Analyst: 180-day MVRV Z-score indicates BTC is not extremely overbought, expected to pump significantly.

Odaily Planet Daily News Currently, BTC is approaching a crucial moment to break through the high point. If successful, analysts expect a large-scale Rebound to occur, quickly setting consecutive historical highs. Investors are particularly optimistic because historically, the year following the Halving has brought the highest returns for BTC, making this stage crucial for long-term rise. CryptoQuant analyst Axel Adler pointed out that the BTC market is still in the rise stage, which is supported by the smoothed MVRV Z-score of the 180-day moving average. This indicator is commonly used to assess market conditions, indicating that the price of BTC has not yet reached an extremely overbought level, leaving room for a significant increase.