Will Bitcoin Take 5 Years To Hit a New All-Time-High? By CoinQuora
— Last two market bottoms accurately reveals, Crypto analytics platform tracks bitcoin mvrv, Alltimehigh, Cycle bottom, Experts suggest btc could take five years, Crypto exchanges, Revealing, Time high, Bitcoin take 5 years, Price charts — 1 min read
A metric that timed the last two market bottoms accurately reveals that the worst Bitcoin drawdown is probably behind us. Bitcoin MVRV (365D) is considered a key metric to determine the cycle bottom for Bitcoin. Massive Bitcoin longs showed up on crypto exchanges on July 4, 2022, revealing traders’ optimism and expectation of a price rally in the asset. BigCheds, a crypto analyst and trader, asked his Twitter followers whether Bitcoin’s price would hit its next all-time high post five years. Over 71% of the poll participants responded in the affirmative, revealing a long-term bearish outlook for Bitcoin. Bitcoin's price has started consolidating after hitting the $20,000 level and made a comeback above Source