@civai
According to the analysis of Chapo, CEO of Assure DeFi, Bitcoin's market value and realized value (MVRV) indicator shows that Bitcoin still has room to rise in this cycle. Chapo expects Bitcoin's MVRV to reach 3.2 in 2025, suggesting that Bitcoin will usher in another bull market in 2025. In April 2021, Bitcoin's MVRV reached this level when the price of Bitcoin was $58,253. Currently, Bitcoin's MVRV is 1.95 and the price is $84,416.