Key factors:
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Bitcoin enjoys one other golden cross, this time from the NVT indicator.
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Earlier crosses have all preceded main durations of BTC worth upside.
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Value targets embrace new all-time highs inside a matter of weeks.
Bitcoin (BTC) stays in a “wholesome uptrend” with new all-time highs anticipated inside weeks.
The newest analysis from onchain analytics platform CryptoQuant says that BTC worth motion has room for “enlargement” at $117,000.
Bitcoin awaits beneficial properties from new NVT golden cross
Bitcoin continues to be removed from overheated, based on a basic main indicator that predicts native BTC worth tops and bottoms.
The community worth to transaction golden cross (NVT-GC) device, which compares market cap to the worth of onchain transactions inside a given timeframe, presently sits in “impartial” territory.
Unfavourable NVT-GC values, particularly these underneath -1.6 on its scale, usually precede durations of worth upside. As soon as the metric passes 2.2, a bearish reversal turns into extra doubtless.
The newest lengthy sign got here in July, when NVT-GC reached -2.8. It then rebounded to 0.3.
“This means neither excessive overvaluation nor undervaluation, however relatively a wholesome uptrend,” CryptoQuant contributor Pelin Ay summarized in certainly one of its Quicktake weblog posts this week.
“Brief Time period: With the metric not elevated, Bitcoin shouldn’t be but in bubble territory. There’s nonetheless room for worth enlargement.”
NVT-GC has a powerful latest monitor file. Its earlier 4 dips into the “lengthy” zone all resulted in BTC worth beneficial properties, together with in August 2024.
BTC worth due “potential push” to all-time excessive
The metric provides to the telltale indicators that the Bitcoin bull market shouldn’t be but over.
Associated: Bitcoin repeats Might breakout transfer as evaluation expects $118K showdown
As Cointelegraph reported, July additionally sparked a “purchase” sign on shifting common convergence/divergence (MACD), whereas evaluation argued that it was not but time for a blow-off high.
In his newest X content material, fellow CryptoQuant contributor Axel Adler Jr. urged that BTC worth discovery may return by October.
“BTC worth sits simply above STH Realized Value, setting the stage for 1–2 weeks of consolidation with a possible push to ATH,” he wrote, referring to the combination price foundation of Bitcoin wallets hodling cash for as much as six months.
STH MVRV Z-Scores (155D & 365D) are hovering close to zero – the market is neither overheated nor oversold, primarily balanced.
BTC worth sits simply above STH Realized Value, setting the stage for 1–2 weeks of consolidation with a possible push to ATH.
Uptober incoming 🌊 pic.twitter.com/hFaycSGxRy
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) September 18, 2025
Ay was cautious, seeing a possible $150,000 goal as This autumn enters.
“Total, Bitcoin shouldn’t be in a high-risk zone,” she concluded.
“Historic patterns counsel the worth may climb towards the $120,000–$150,000 vary within the coming months.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
