Bitcoin’s Wild Ride: Is It Heading to $170K or Just Another False Alarm? 🤔

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After a week that felt like a roller coaster – Bitcoin decided to take a breather. It shot up to over $112,000 on Monday like it was about to set a new record, only to slide back down a little. Market jitters? Oh, you bet. Those liquidation nerves are still alive and kicking. But hey, no need to panic just yet – experts say the bull market isn’t running out of steam. Yet.

Now, CryptoQuant – the oracle of all things crypto – has some juicy gossip. It’s pointing to more upside potential. Hold on to your hats, folks.

Mid-Cycle Reset: Or Just a Nice Nap?

Let’s talk MVRV ratio for a minute. This little number measures Bitcoin’s market value versus the average cost of its holders. And right now? It’s chilling at the 2.0 level. In the past, this wasn’t a warning sign – oh no. It’s been more like a pit stop. Investors are still making a profit, but the market isn’t about to explode into a fiery mess. Not yet, at least.

CryptoQuant’s detective work has shown that when the MVRV ratio does this little “reset,” it’s often the beginning of the next big run. Maybe it’s not so much a “danger zone” as it is a “calm before the storm.” If you’ve been holding onto your Bitcoin for a while, it’s not panic time yet.

The long-term holders are giving us more clues. These are the folks who’ve been in the game for months or even years. Instead of selling like crazy, they’re hanging tight. The result? Less selling pressure, and that’s a good thing for future price increases. If demand picks up? You better buckle up, because Bitcoin could be in for a major lift.

Here’s the kicker – this whole situation looks a lot like what we saw in 2017 and 2020. Bitcoin had a breather, and then, BOOM, it went into overdrive. What we’re seeing now isn’t the end – it’s just a “digestive phase,” clearing out all the junk before it takes off again.

“If history rhymes, today’s consolidation could mark the groundwork for the next major leg upward – suggesting the bull market is alive and well.”

$140K to $170K BTC Is Next (If You’re Into Dreaming Big)

Mr. Wall Street – the market sage – has also weighed in. He’s noticing that Bitcoin is still holding strong above support levels, even after the wild week. He’s got his eye on a zone where he jumped into a long position near $107,500. That’s only about 12% below Bitcoin’s all-time high of $125,000. Not bad, huh?

As for those calling for a cycle top and the end of the bull market? Mr. Wall Street isn’t having it. He’s not seeing any of the usual red flags. No big macro indicators flashing “Danger!” No imbalance or geopolitical crisis ready to take Bitcoin down. It’s all noise, he says.

And here’s where it gets really fun – he’s predicting a bullish Q4. He’s talking about Bitcoin reaching new highs in the $140,000-$170,000 range. The man’s got some serious confidence. Oh, and for those watching the Fed, he’s predicting up to six rate cuts in the next six months. But don’t get too comfy – there might be some short-term volatility from US economic releases, like job openings and unemployment numbers. But even then, he’s sticking to his guns. The bull market isn’t going anywhere.

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2025-09-30 03:04