Bitcoin may rise to $ 94,000 in the near future

Cryptocurrency analysts are predicting record growth of bitcoin BTC $93,914.12 Bitcoin 0.71% Market capitalization $1.86 trillion VOL. 24 hours $4.16 billion in the near future. The reason for this is that BTC has recently reached $ 92,326.13. However, experts warn investors to use key metrics to assess potential risks and future prospects.

It is reported that the Market Value to Realized Value (MVRV) ratio is currently 2.05. For comparison, in March, when the price of bitcoin crossed $ 73,000, this figure reached 2.75. If the MVRV exceeds this level, it may indicate that the market has reached its peak value.

Also, the cryptocurrency fear and greed index shows a value of 83, which indicates «extreme greed» among investors. Traditionally, exceeding the 80 threshold is a signal to revise the risk management strategy, as such levels often precede price corrections.It is worth adding that the Bitcoin Coin Days Destroyed (CDD) indicator, which tracks the movement of long-term stored coins, has increased to 36,654,905. This indicates that experienced bitcoin holders have begun to take profits. Usually, such actions occur when they consider further growth unlikely.Experts also drew attention to the Inter-Exchange Flow Pulse index, which now stands at 753.0127 thousand BTC. The growth of volumes listed on the derivatives exchange may indicate preparations for sales.At the time of writing, bitcoin’s price reached $ 92,637, its market capitalization is $ 1.83 trillion, and daily sales stopped at $ 74.64 billion.Despite the optimism among investors, extreme levels of greed and active selling by long-term holders indicate that a correction is likely. Investors are advised to carefully assess risks and weigh decisions, especially against the backdrop of such historical highs.

Earlier it was reported that on the evening of Tuesday, November 19, bitcoin set a new all-time high, exceeding $ 94,000. This happened after Nasdaq announced the launch of options trading on spot bitcoin ETFs.

By the way, cryptocurrency experts predict that bitcoin will soon set a new historical high. After all, the BTC price continues to consolidate near the $ 90,000 zone, which shows positive signals for new growth.