Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
- Bitcoin’s price has increased 98,000 dollars, but the decline in network activity causes concern about overvaluation.
- The price of bitcoin to 98k is in conflict with weakened network basics.
The price of Bitcoin (BTC) decreased after an increase of over $ 100,000, recently touched $ 98,000. While this price range excites investors, the basic data on the chain is a contrasting narrative.
The network activity reached a one -year low, raising concerns about whether the current price levels were justified.
Ambcrypto estimates whether the basic part of Bitcoin set is an assessment of key measuring data such as the Law of Metcalfe -the market value ratio to the realized value (MVRV). This evaluation will determine whether the correction is inevitable.
Bitcoin -A’s assessment and network activity: growing interruption of the connection?
Bitcoin recently refused to $ 98,000, which is lower than six digit markings. However, a closer view of the network activities suggests that the Crypto currency could be overrated at current levels.
According to Metcalfe’s law, which appreciates the network based on the number of active users, Bitcoin’s fair value drops between $ 48,000 and $ 95,000.
With BTC trade above this range, concerns occur due to sustainability.
Source: Cryptoquant
Metcalfe extensions of evaluation, which have a historically guided price of bitcoin, indicate a potential deviation. Since February 2024, Bitcoin has mostly remained between red ($ 48 thousand) and blue ($ 95) evaluation of evaluation.
The current price exceeding this range suggests speculative premium, perhaps triggered by external factors such as ETF inflow or macroeconomic optimism.
Network activity declines – a warning sign?
Deeper dive into Bitcoin network basics detects a decline in daily active addresses, a user activity metric.
The decline in active addresses align with a trend downward in the extensions of Metcalfe values from March 2024, reflecting a reduced chain engagement.
This trend suggests that the basic network basics do not support the current assessment despite the Bitcoin price set.
Source: Grenede
AND Market value to the realized value (MVV) The ratio further enhances this concern. Historically speaking, Mvrv above 2.4 preceded corrections, and a recent decline in this metric indicates a potential overseation.
The gap between the market price and the realized values suggest that investors may have an unrealized gain, increasing the likelihood of taking profits.
Technical indicators – where is the BTC run?
From a technical perspective, Bitcoin maintained a bull structure, but showed signs of exhaustion.
The price is currently hovering close to the 50-day moving average (Ma) to $ 98,710, while the swing indicators suggest slowing down.
If Bitcoin fails to hold above this level, it is possible to withdraw to the region of $ 95,000, aligning with the upper Metcalfe evaluation belt.
However, Bitcoin could target psychological resistance to $ 100,000 if a bull’s momentum continues.
The 200-day Ma stays far below the current levels, indicating strong long-term support, but short-term overcrowded conditions cannot be neglected.
Correcting or consolidation?
With a network activity on a one -year low low and the price exceeds the FER value assessments, bitcoin occurs excessive increase.
Although external factors such as institutional demand and macro trends could hold their rally, the basics on the chain paint more cautious images. Investors should closely monitor the growth of the network and key support level to evaluate the next Bitcoin move.
-Crimin Bitcoin (BTC) Predict price 2025-26
If Bitcoin cannot withstand the momentum above $ 98,000, a healthy correction according to the $ 95,000 ranging $ 90,000 could provide a better point of re -entry.
On the other hand, if BTC reclaimed the growth of network activity, the rally could continue, defying fundamental problems.
