On May 22, Bitcoin registered a new of all time for $ 111,970. Since then, market prices have been withdrawn to around $ 108,000, largely influenced by macro -economic pressure. After this development, prominent crypto analyst Burak Kesmeci supports the most important cryptocurrency to return and surpass these current of all time, based on recent data on the chain.
Bitcoin Advanced NVT applies above key level: Bullish Continuation remains in the game
The advanced network value for transactions (NVT) Metriek is a valuation model on-chain that compares Bitcoin’s market capitalization with its daily USD transaction volume. It is used to evaluate whether an actively overvalued or undervalued in relation to the use.
In general, higher advanced NVT values indicate increased speculation of investors, while persistent levels above the key thresholds are often combined with large bull runs. According to Burak Kesmeci in a X On 24 May, the Bitcoin Advanced NVT signal was recently exceeded above the +2 standard deviation ( +2XSD), a historically important limit that indicates a period of bullish market strength and robust investor confidence.
As can be seen in Q4 2023 and Q4 2024, an advanced NVT -Crossover above the +2XSD in Orange has previously served in the image below as a launch platform for Bullish Continuations, which resulted in longer periods of Opwing Momentum.
Although the advanced NVT signal is currently being turned downwards, Kesmeci explains that as long as this metric remains above the +2XSD level, Bitcoin probably retains its upward trend, which indicates that there is a strong potential for the cryptocurrency to enter a new price area in the coming weeks.
Now that Bitcoin surpassed his former of all time in the past week, Prime Minister Cryptocurrency will probably continue to look to reach the exalted price goals set by various market analysts. Macro -economic factors, in particular American trade policy,, however, remain a major influence that is able to induce significant setbacks as seen since the beginning of 2025.
Bitcoin -Market overview
At the time of the press, Bitcoin acts at $ 107,835 after price gain of 4.02% and 15.37% in the last seven and thirty days, respectively. In the meantime, the daily trade volume of the market decreases by 31.58% and is appreciated at $ 45.94 billion.
According to data from Blockchain Analytics Firm SentoraThe Bitcoin network experienced an increase of 51.03% in network costs, which indicates a significant increase in transactions and user activities.
In the meantime, the influx of the exchange was appreciated at $ 184 million, which Sentora described as “mild” compared to previous weeks. This development indicates that many investors have chosen themselves against selling their BTC companies despite a new highest market confidence in the long term.
With a market capitalization of $ 2.13 trillion, Bitcoin continues to rank as the largest cryptocurrency and the fourth largest active in the world.