Key factors:
Bitcoin enjoys one other golden cross, this time from the NVT indicator.
Earlier crosses have all preceded main durations of BTC worth upside.
Worth targets embrace new all-time highs inside a matter of weeks.
Bitcoin (BTC) stays in a “wholesome uptrend” with new all-time highs anticipated inside weeks.
The most recent analysis from onchain analytics platform CryptoQuant says that BTC worth motion has room for “growth” at $117,000.
Bitcoin awaits beneficial properties from new NVT golden cross
Bitcoin remains to be removed from overheated, in response to a traditional main indicator that predicts native BTC worth tops and bottoms.
The community worth to transaction golden cross (NVT-GC) instrument, which compares market cap to the worth of onchain transactions inside a given time-frame, presently sits in “impartial” territory.
Unfavourable NVT-GC values, particularly these beneath -1.6 on its scale, sometimes precede durations of worth upside. As soon as the metric passes 2.2, a bearish reversal turns into extra possible.
The newest lengthy sign got here in July, when NVT-GC reached -2.8. It then rebounded to 0.3.
“This means neither excessive overvaluation nor undervaluation, however slightly a wholesome uptrend,” CryptoQuant contributor Pelin Ay summarized in considered one of its Quicktake weblog posts this week.
“Quick Time period: With the metric not elevated, Bitcoin will not be but in bubble territory. There may be nonetheless room for worth growth.”
NVT-GC has a formidable latest monitor document. Its earlier 4 dips into the “lengthy” zone all resulted in BTC worth beneficial properties, together with in August 2024.
BTC worth due “potential push” to all-time excessive
The metric provides to the telltale indicators that the Bitcoin bull market will not be but over.
Associated: Bitcoin repeats Might breakout transfer as evaluation expects $118K showdown
As Cointelegraph reported, July additionally sparked a “purchase” sign on transferring common convergence/divergence (MACD), whereas evaluation argued that it was not but time for a blow-off high.
In his newest X content material, fellow CryptoQuant contributor Axel Adler Jr. recommended that BTC worth discovery may return by October.
“BTC worth sits simply above STH Realized Worth, setting the stage for 1–2 weeks of consolidation with a possible push to ATH,” he wrote, referring to the combination price foundation of Bitcoin wallets hodling cash for as much as six months.
STH MVRV Z-Scores (155D & 365D) are hovering close to zero – the market is neither overheated nor oversold, basically balanced.
BTC worth sits simply above STH Realized Worth, setting the stage for 1–2 weeks of consolidation with a possible push to ATH.
Uptober incoming 🌊 pic.twitter.com/hFaycSGxRy
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) September 18, 2025
Ay was cautious, seeing a possible $150,000 goal as This fall enters.
“Total, Bitcoin will not be in a high-risk zone,” she concluded.
“Historic patterns counsel the worth may climb towards the $120,000–$150,000 vary within the coming months.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
