Bitcoin MVRV Golden Cross In Sight - Next Leg Up Could Be Near
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Bitcoin is showing strong bullish momentum despite ongoing market volatility, holding firmly above the $100,000 level as anticipation builds for a breakout into price discovery. After weeks of consolidation and multiple failed attempts to break all-time highs, BTC remains resilient, fueling speculation that a massive move could be just around the corner. The crypto market as a whole is closely watching Bitcoin’s next steps, as its direction will likely set the tone for altcoins and broader risk assets.
Adding to the bullish narrative is fresh data from Santiment, which highlights an important on-chain development: a potential golden cross between the MVRV Ratio and its 30-day simple moving average. Historically, this crossover has signaled major turning points for Bitcoin, often marking the start of strong upward trends. As the two lines converge, investor sentiment is beginning to shift, with more traders positioning for a breakout.
While resistance remains near all-time highs, the technical and on-chain setup suggests that Bitcoin may soon break out of its current range. With momentum building and market confidence growing, a confirmed move into new highs could trigger the next major leg of the bull cycle. For now, all eyes remain on Bitcoin.
After a period of heightened geopolitical tension involving the US, Israel, and Iran, global markets have found a sense of relief. With those conflicts now largely de-escalated, risk appetite has returned, and Bitcoin has responded with strength. The leading cryptocurrency pushed decisively above the $105,000 level, reclaiming short-term momentum and signaling renewed confidence among investors. However, BTC now faces a critical challenge: breaking into uncharted territory above its all-time highs.
Currently trading just below the key resistance zone near $109K–$112K, Bitcoin is consolidating in a tight range. Price action has shown resilience, but momentum has paused as bulls and bears battle for control. Still, analysts believe a breakout may be close. Market structure is intact, and support levels have held firmly through recent macro volatility.
Top analyst Ali Martinez has drawn attention to a compelling on-chain signal: a potential golden cross forming between Bitcoin’s MVRV Ratio and its 30-day simple moving average. Historically, this crossover has preceded major upward moves and has served as a reliable indicator of trend reversals. Martinez suggests that if the cross confirms, it could mark the beginning of Bitcoin’s next leg higher.
The coming days will be crucial. A strong breakout above resistance could open the door to price discovery and reignite broader crypto market momentum. Conversely, failure to break through could lead to continued consolidation. For now, Bitcoin is coiled and ready, waiting for a decisive catalyst to define its next major move.
Bitcoin is currently trading at $107,322, showing a tight consolidation just below the key $109,300 resistance level. The 4-hour chart reveals a clear structure of higher lows following the rebound from the $103,600 support zone, which has held strongly through several tests. This level now serves as the lower boundary of Bitcoin’s current range, while $109,300 remains the critical resistance bulls must flip for further upside.
The price is trading above all major moving averages on this timeframe—50 SMA ($105,166), 100 SMA ($105,291), and 200 SMA ($105,810)—which are now converging into a bullish alignment. This structure supports the short-term bullish bias, indicating strength and growing demand above $105K.
However, volume remains relatively subdued during this consolidation phase, suggesting that traders are waiting for confirmation before initiating new positions. A breakout above $109,300, especially on strong volume, would likely trigger a push toward new highs and potentially begin price discovery.
On the downside, a breakdown below $105K would invalidate the current bullish setup and put the $103,600 support at risk. For now, Bitcoin appears coiled within a well-defined range, with momentum slowly building ahead of what could be a decisive move.
Featured image from Dall-E, chart from TradingView
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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.
