Bitcoin's current bullish market shows a gradual growth pattern described as 'staircase-style', indicating market maturation.
Analysis of Bitcoin's Growth
Bitcoin is currently displaying a more gradual growth charted as 'staircase-style'. This movement contrasts with previous cycles known for swift parabolic increases. Analysts, including Doctor Profit and StockMoney Lizards, emphasize ongoing financial shifts captured by on-chain data analysis.
Absence of Overvaluation
Current MVRV data indicates that Bitcoin is not close to being overvalued. On-chain analyst Doctor Profit stated: 'Bitcoin's position on the Z-Score metric indicates it is not near overvaluation. Historically, red zones above a Z-Score of 7 marked macro cycle peaks. The current score sits well below that threshold, suggesting room for further upward price movement.'
Changing Investment Strategy
The current market behavior reflects a higher maturity among investors. The slow growth currently observed indicates fewer sharp peaks, leading to changes in investment strategies and stability within the market.
The current gradual growth of Bitcoin may indicate a fundamental shift in market maturity and investment approaches, which is promising for future price trends.
