28 Apr 2025

light mode

Bitcoin Bottom Not Reached Yet?

Despite market fluctuations, the mother-of-all-crypto may not have hit its bottom just yet.

Bitcoin’s MVRV-Z Score – a measurement that shows how high or low the Bitcoin spot price is compared to so-called “fair value” – is not indicating a price reversal. This Score uses a market cap and realized price data alongside standard deviation. It is also deemed highly precise. 

According to multiple analysts, including Filbfilb, the co-founder of the trading suite DecenTrader, the MVRV-Z score is in its classic green zone. However, the bottom has not been reached.

This chart is *the one* for me. We normally bottom when MC < realized cap by around 30% - currently $15.6k. This was when macro times were relatively good, anything above here is a risk that it’s different this time IMO.

Filbfilb writes.

Bitcoin MVRV-Z Score chart. Source: Filbfilb’s Twitter

Bitcoin MVRV-Z Score chart. Source: Filbfilb’s Twitter

Other predictions point to the same values.

Cryptobullet, a popular Twitter handle that offers insights into the cryptomarket data, tweeted that $16,000 marks the average deviation from Bitcoin’s 50-month moving average.

The tweet reads:

Some very important levels: 16k – Average Deviation from MA50 (-25%) 14k – 2019 Echo Bubble Top 12.2k – Celsius Liquidation 10.7k – Key Horizontal Level.

The account also indicates that the month of June closed below the MA50 for the first time in history, December 2020-April 2021 rally is fully engulfed and the lowest monthly Relative Strength Index – which is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period – ever.

Bitcoin/U.S. Dollar Chart Source: Cryptobullet’s Twitter

Bitcoin/U.S. Dollar Chart Source: Cryptobullet’s Twitter

In response to this tweet, some users agreed that Celsius, which is reportedly going through financial turmoil and has put a halt to asset withdrawal, will soon be liquidated.

Celsius is going to be liquidated, then we will see the real crash, but also a nice and rare opportunity.

wrote a user who goes by the name Alin Pop.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
XMR Price Spikes After Suspicious Transfer of 3,520 Bitcoins

XMR Price Spikes After Suspicious Transfer of 3,520 Bitcoins

A large Bitcoin transfer caused the price of the privacy-focused cryptocurrency Monero (XMR) to surge by around 50%.

Anahit Avetisyan
Ethereum Researcher Proposes a 100x Gas Limit Increase to Reach 2,000 TPS

Ethereum Researcher Proposes a 100x Gas Limit Increase to Reach 2,000 TPS

Dankrad Feist’s new proposal, EIP-9698, calls for raising Ethereum’s gas limit from 36 million to 3.6 billion over four years. Feist says the change could lift Ethereum’s throughput to 2,000 TPS.

Dmytro Psevdonimenko
DeFi Development Corp Seeks $1B to Expand SOL Holdings

DeFi Development Corp Seeks $1B to Expand SOL Holdings

DeFi Development Corp, which rebranded from Janover, has filed with the SEC to offer shares, warrants, and bonds worth up to $1 billion to build its SOL holdings and operate validators.

Dmytro Psevdonimenko
Bitget Targets 8 Accounts for $20M Manipulation of VOXEL Token

Bitget Targets 8 Accounts for $20M Manipulation of VOXEL Token

Crypto exchange Bitget said it will send legal notices to eight accounts suspected of profiting more than $20 million through VOXEL token manipulation. The exchange pledged to reimburse affected users through an airdrop.

Dmytro Psevdonimenko
Crypto Talk on X Today: KOLs on PENGU, BTC Accumulation & More

Crypto Talk on X Today: KOLs on PENGU, BTC Accumulation & More

Pudgy Penguins’ native token PENGU’s 150%+ rise in the last 7 days is among the top crypto discussions on X/Twitter today.

Anahit Avetisyan
Crypto Talk on X Today: RTFKT Issues, PolytSwap Launch & More

Crypto Talk on X Today: RTFKT Issues, PolytSwap Launch & More

Recently, images from RTFKT’s CloneX NFT collection stopped showing on platforms. They’re back now, and Head of Tech Samuel Cardillo explained what went wrong.

Anahit Avetisyan
Hot Crypto Talk on X Today: Scott Melker’s Identity Faked, & More

Hot Crypto Talk on X Today: Scott Melker’s Identity Faked, & More

Crypto was hit with a new influencer scam today – Scott Melker, also known as The Wolf of All Streets, revealed that scammers deepfaked his identity and stole $4 million from a victim.

Anahit Avetisyan
Kaia: What Happens When LINE and Kakao Merge into One Blockchain

Kaia: What Happens When LINE and Kakao Merge into One Blockchain

In just half a year, Kaia has quietly racked up 20 million transactions and drawn in over 400,000 active wallets. Built directly into Asia’s most ubiquitous messaging apps, its reach now extends to nearly 300 million users—a bold blueprint for Web3 adoption.

Vlad Vovk
What Is the Next Bitcoin-Like Investment? Key Factors to Consider

What Is the Next Bitcoin-Like Investment? Key Factors to Consider

Explore the critical factors in evaluating the next breakthrough digital asset. Learn how innovation, decentralization, security, and market trends can help spot a Bitcoin-like opportunity.

The Coinomist
What Is Open Interest in Options? Factors to Consider

What Is Open Interest in Options? Factors to Consider

A comprehensive guide on open interest in options trading, explaining its significance, how it differs from volume, and the key factors to consider when using it for strategy.

The Coinomist
ICO Meaning and Its Role in Blockchain Technology

ICO Meaning and Its Role in Blockchain Technology

ICOs let blockchain projects raise capital by selling tokens. Here’s how they work, their benefits, and the risks investors should be aware of.

The Coinomist
Crypto Whale Activity: What It Means for Your Investment Portfolio

Crypto Whale Activity: What It Means for Your Investment Portfolio

Crypto whales can move markets with a single trade. Learn how their actions affect prices—and how to adjust your investment strategy accordingly.

The Coinomist
What Are Covered Calls? Benefits and Risks

What Are Covered Calls? Benefits and Risks

Covered calls let investors earn income from stocks they already own. Learn how the strategy works, when to use it, and what risks to watch out for.

The Coinomist
Bitcoin Charges Toward $95K as Bulls Strengthen Grip

Bitcoin Charges Toward $95K as Bulls Strengthen Grip

Positive investor sentiment and easing U.S. trade war tensions propel Bitcoin toward $95,000, setting the stage for a possible rally to $100,000.

Anton Kryshtal
Bitcoin Trades Sideways at $92K–$95K: Short Squeeze Unfolds Amid ETF Inflows

Bitcoin Trades Sideways at $92K–$95K: Short Squeeze Unfolds Amid ETF Inflows

Between $92,000 and $95,000, Bitcoin finds stillness. Traders retreat, ETFs awaken, and the market holds its breath—awaiting a spark to reignite the chart.

Anton Kryshtal
MORE
Eternal Lines: Why Preserve Books on the Blockchain?

Eternal Lines: Why Preserve Books on the Blockchain?

As information becomes increasingly vulnerable to censorship, people are searching for new ways to preserve it reliably. One such solution is blockchain, which allows for the creation of permanent archives.

Iaroslava Kramarenko
Bitcoin Education Goes Academic: Inside the First Online Master’s Program

Bitcoin Education Goes Academic: Inside the First Online Master’s Program

You’ve heard of HODLing. Now imagine studying it. Spain’s University of the Hespérides is offering the world’s first Master’s in Bitcoin — and it’s more radical than you think.

Elina Moskovchuk
MORE