The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.
Bitcoin (BTC) touched $69,000 on US election day on Nov. 5 as a key onchain metric flipped bullish, suggesting that BTC’s uptrend toward $120,000 “remains intact.”
BTC/USD daily chart. Source: TradingView
Bitcoin is attempting to reclaim its 2022 all-time high of $69,000 as election anxiety engulfs the market on Nov. 5.
