This Bitcoin Price Cycle Data Reveals Next Major Bull Run
On-chain data, including Short-Term Holder Realized Price and MVRV ratios, suggests Bitcoin has support for a major bull run targeting $160,000 to $200,000.Summary
The article analyzes key on-chain metrics to forecast the next major Bitcoin bull run, suggesting that current price action is at an interesting cycle point. Structural support is identified around the Short-Term Holder (STH) Realized Price, currently near $113,000; holding above this level historically encourages market confidence for the next upward move. The Short-Term Holder MVRV Ratio indicates potential resistance and profit-taking zones between $160,000 and $200,000 by multiplying the STH Realized Price by historical MVRV thresholds (1.33, 1.43, and 1.64).
Furthermore, the Long-Term Holder (LTH) MVRV Ratio, which reflects diminishing returns in Bitcoin's maturation, suggests a potential peak around 4.37, implying a target near $163,000–$165,000. Rolling MVRV frameworks, such as the 2-Year Rolling MVRV Z-Score, currently show readings closer to accumulation zones rather than sell zones. The conclusion is that if Bitcoin maintains support above the STH realized price, these valuation frameworks strongly point toward a major bull run with plausible targets in the $160,000 to $200,000 range.
(Source：Bitcoin Magazine)