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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-community-expects-significant-price-increase-after-halving-event/" data-wpel-link="internal">Bitcoin Community Expects Significant Price Increase After Halving Event</a><br></p>
<p style="text-align: justify">Expectations in the cryptocurrency community point to a significant increase in <strong><a href="https://en.coin-turk.com/analyst-predicts-impending-bitcoin-surge-beyond-42500/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong> price following the halving event. Despite the event occurring every four years, cryptocurrency has not yet experienced a significant price increase. However, a recent analysis by Tarek On-Chain regarding the market value to realized value (MVRV) suggests a potential recovery for the leading cryptocurrency.</p> 
<h2 id="analytical-reports-on-bitcoin">Analytical Reports on Bitcoin</h2> 
<p style="text-align: justify">According to the popular cryptocurrency analytics company CryptoQuant, the data provided by Tarek On-Chain offers insights into this potential recovery. The key indicator that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">long-term investors</a> should consider is the ratio of market value to realized value. This indicator is known for its high accuracy in signaling the highest and lowest levels of Bitcoin prices. An MVRV ratio below 2 may indicate an ongoing accumulation phase, suggesting that the price is still undervalued.</p> 
<p style="text-align: justify">However, exceeding this value signals that Bitcoin is approaching a new peak. Historical <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> that market peaks occur when the MVRV ratio reaches 3.5 or higher. At these levels, investors are advised to gradually exit the market, as it indicates that a peak has been reached or is significantly close. According to the data shared by Tarek On-Chain, the current MVRV ratio stands at 2.3. This suggests that <strong>Bitcoin</strong> still has significant price increase potential before reaching its fair value.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-357771 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/btcc-6.jpg" alt="" width="1317" height="740"></p> 
<h2 id="current-btc-data">Current BTC Data</h2> 
<p style="text-align: justify">Even if there is a price drop, investors can take advantage of it to buy in hopes of a potential price recovery. Analysts believe that exiting the market should only begin when the MVRV ratio approaches 3. This indicates a reasonable distance to the peak. According to this, Bitcoin’s price is likely to reach a new peak in this cycle, potentially exceeding $100,000.</p> 
<p style="text-align: justify">A segment of the market believes that, in addition to the MVRV ratio, geopolitical tensions from the Israel-Hamas conflict in the Middle East and the ongoing Russia-Ukraine war could affect Bitcoin’s price. Notably, after Ukraine was invaded by Russia in February 2022, Bitcoin’s price dropped by 67% in the following months, reaching $15,476 in May 2022. The Spot <strong>Bitcoin</strong> ETF and the halving event have helped revive the price so far this year.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-community-expects-significant-price-increase-after-halving-event/" data-wpel-link="internal">Bitcoin Community Expects Significant Price Increase After Halving Event</a></h5>

Bitcoin Community Expects Significant Price Increase After Halving Event

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