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    CryptoQuant identifies five indicators to predict Bitcoin price peaks as value surpasses $94,100

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    CryptoQuant outlined five key signals that can indicate when Bitcoin’s price might peak: the MVRV ratio, the Crypto Fear & Greed Index, new money flowing into Bitcoin, long-term Bitcoin owners selling off, and the movement of Bitcoin to/from derivative exchanges. Currently, the MVRV ratio is 2.67, the Crypto Fear & Greed Index exceeds 80, new money is still flowing in, the long-term owners’ sell-off score is 15.1 million, and the movement to/from derivative exchanges suggests a bull phase. Bitcoin’s price recently reached over $94,100 and some experts believe it could hit $180,000 next year.

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    If you’re keeping tabs on Bitcoin’s price, there are five main things to look out for that signal if it’s about to peak. One of these, according to CryptoQuant’s data, is apparently already lighting up.

    They base this stuff on some pretty complex indicators. The first one is the MVRV ratio. This measures Bitcoin’s overall market value compared to how much people are actually paying for bitcoin right now. If this ratio gets over 3.7, CryptoQuant says it usually means Bitcoin’s price has hit its top for now. The current score is around 2.67.

    Earlier this year in February, Bitcoin’s MVRV ratio went as high 7 when Bitcoin reached an all-time high of about $60,000.

    Another thing to watch is the Crypto Fear & Greed Index. It’s like a mood ring for the market. If the index hits 80 out of 100, coupled with other signs, Bitcoin might be near its peak, according to CryptoQuant. It’s currently sitting above 80 and has even reached up to 90 recently.

    The third sign to keep an eye on is about new money coming into Bitcoin. If new money stops flowing in, Bitcoin’s price can stall and start to drop back. This indicator is still currently high, suggesting we’re in a “bull phase.”

    The fourth point to note is if long-term Bitcoin owners are selling off. If this indicator goes over 15-20 million, Bitcoin’s price could take a hit. Right now, the score is 15.1 million.

    Last check is on the movement of Bitcoin to and from derivative exchanges. This current indicator also points towards a bull phase for Bitcoin.

    Since Trump’s election, Bitcoin has kept making new highs and the latest peak on Nov. 19 was over $94,100.

    Some experts say Bitcoin still has a lot of potentials. Like Matthew Sigel, from investment firm VanEck, who believes Bitcoin could hit a whopping $180,000 sometime next year.

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