Bitcoin Pricing Bands Hint At Potential $117,000 Target – Details

New Zealand authorities have arrested a Wellington-based man in connection with an international hundred-million-dollar cryptocurrency scam operation. The probe into this fraudulent scheme is being led by the US Federal Bureau of Investigation (FBI), resulting in simultaneous arrests of suspects across both nations. Related Reading: Bitcoin Pricing Bands Hint At Potential $117,000 Target – Details […]

A cryptocurrency analyst has pointed out how Bitcoin could target $139,000 next, according to this on-chain pricing bands model. Bitcoin Has Broken Past 0.5 SD MVRV Deviation Band In a new post on X, analyst Ali Martinez has talked about where Bitcoin may be heading next based on the MVRV Extreme Deviation Pricing Bands. This pricing model is based on the popular Market Value to Realized Value (MVRV) Ratio, an indicator that compares the market cap of Bitcoin against its realized cap. Related Reading: Bitcoin Short-Term Holder RVT Nears Cycle Lows: A Healthy Reset? The former represents....

Ethereum (ETH) experienced a rather adventurous trading week marked by significant price gains but even stronger losses. Notably, prominent market analyst Ali Martinez has highlighted a critical market condition that could result in a market surge. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst Ethereum’s Next Move: Price Rally To $3,260? Being the second largest cryptocurrency in the market, Ethereum’s price action remains important to traders, especially with the current doubts over an altseason.  In an X post on March 7, Ali Martinez....

Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin. Sentiment in the market is shifting, with some questioning whether Ethereum can reclaim its former dominance amid fierce competition from emerging projects. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price....

Bitcoin (BTC) has maintained a strong bullish performance over the past seven days, with the price gaining by approximately 12%. The crypto market leader rose to near $124,000 before experiencing a slight retracement, which has now forced prices to $122,070. With the market maintaining a consolidation pattern, prominent analyst Ali Martinez has shared some important price insights based on the MVRV pricing bands. Related Reading: Bitcoin, XRP Testing Key Resistances And Could Turn Messy Again – Here’s Why Holding Above $117k Could Propel BTC To $140k Next The MVRV (Market Value to Realized....