One of the great advantages of operating in cryptocurrency is to have metrics that allow evaluating where the price could be directed. He Crypto Analyst Axel Adler Jr has pointed out in X that indicadores MVRV-Z y Long-Term Holder (LTH)they suggest that the Alcista impulse on Bitcoin could last until Next autumnaccording to Kosta gushterov en coindoo.
The MVRV-Z indicator points to a delayed peak
He Adler Jr. has indicated that the sale pressure remains unusually low, with the MVRV-Z score still far from its historical maximums. This metric, which compares the market value with the value carried out, usually reaches its maximum point during the cycle peaks. However, current readings imply that the peak of the cycle may not materialize until autumn of 2025, which gives investors time to take advantage of the impulse without major interruptions, assuming that no black swan event derails the trend.
The attached graph highlights a gradual ascent towards the higher price bands, with Bitcoin still quoting well below the standard deviation lines from +3 to +4 that have historically marked the maximum macroeconomic. This could indicate a greater margin of price appreciation in the coming months.
Long -term holders add 339,000 BTC since April
Meanwhile, another crucial trend in the chain is emerging: long -term holders (LTH) They have resumed accumulation strongly. Since April 4, 2025, the LTH have added 339.000 BTCraising their total holdings to more than 14.37 million BTC. This level of accumulation, marked by a return to the green zone in the Net position change chart of LTH, usually reflects a growing conviction between experienced investors and often precedes binding price movements.
Since LTH tend to sell in times of strength during euphoric maximums, their current purchase behavior suggests that we are still in the middle of the cycle, instead of the end.
Calm before the rebound?
With the accumulation of LTH and the MVRV-Z still far from the historical maximums, the data is aligned with the Continuation thesis of the Alcista Marketalthough moderate by caution. Adler concludes with the hope that no sudden event of black swan alters the current trend, giving time for a last wave of buyer impulse to develop during the rest of 2025.
Bitcoin It was quoted on Friday at 103,786 dollars. 70 and 200 periods are maintained below the last candles, RSI down in the 69 points and MacD lines above the zero level.
Medium -term resistance is located at 105,728 dollars. Meanwhile, IE indicators are mixed.
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