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 intervals of BTC value upside.
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Worth targets embody 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 latest research from onchain analytics platform CryptoQuant says that BTC value motion has room for “enlargement” at $117,000.
Bitcoin awaits features from new NVT golden cross
Bitcoin remains to be removed from overheated, in response to a basic main indicator that predicts native BTC value tops and bottoms.
The community worth to transaction golden cross (NVT-GC) software, which compares market cap to the worth of onchain transactions inside a given timeframe, presently sits in “impartial” territory.
Detrimental NVT-GC values, particularly these underneath -1.6 on its scale, sometimes precede intervals of value upside. As soon as the metric passes 2.2, a bearish reversal turns into extra probably.
The latest 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 slightly a wholesome uptrend,” CryptoQuant contributor Pelin Ay summarized in one among its Quicktake weblog posts this week.
“Brief Time period: With the metric not elevated, Bitcoin will not be but in bubble territory. There may be nonetheless room for value enlargement.”
NVT-GC has a formidable current monitor report. Its earlier 4 dips into the “lengthy” zone all resulted in BTC value features, including in August 2024.
BTC value due “potential push” to all-time excessive
The metric provides to the telltale indicators that the Bitcoin bull market will not be but over.
Associated: Bitcoin repeats May breakout move as analysis expects $118K showdown
As Cointelegraph reported, July additionally sparked a “buy” signal on transferring common convergence/divergence (MACD), whereas evaluation argued that it was not yet time for a blow-off high.
In his newest X content material, fellow CryptoQuant contributor Axel Adler Jr. recommended that BTC value discovery might return by October.
“BTC value sits simply above STH Realized Worth, setting the stage for 1–2 weeks of consolidation with a possible push to ATH,” he wrote, referring to the mixture 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 value sits simply above STH Realized Worth, 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 will not be in a high-risk zone,” she concluded.
“Historic patterns counsel the worth might climb towards the $120,000–$150,000 vary within the coming months.”
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
