Value to Transaction (NVT) golden cross suggests that the cryptocurrency’s recent surge past $93,000 might not signify the peak of its current cycle.

At the moment, BTC trades at $90,893. Here’s why this slight correction might be temporary, and Bitcoin could rally beyond its previous all-time high.

Bitcoin’s Price Remains Undervalued

The NVT golden cross is a vital metric used to identify tops and bottoms within a cycle. When the metric exceeds 2.2 points (red region), it signals a short-term price overheating, indicating a potential local top.

On the other hand, a drop below -1.6 points (green area) points to excessive cooling, often signaling a local bottom. According to CryptoQuant, the metric is currently at -3.25, indicating that Bitcoin’s price has significant room for growth.

For example, in January, when the NVT golden cross metric stood at -2.60, BTC traded below $42,000. Two months later, the price surged to $73,000. Based on historical trends and the current metric, it seems plausible that BTC could climb to $100,000 before the year ends.

Bitcoin NVT Golden Cross Bottom

This projection aligns with Maria, a market analyst, who believes that Bitcoin’s rise to $100,000 could attract retail investors, driving prices even higher. Additionally, data from Glassnode shows BTC trading above the realized price for both Short-Term Holders (STH) and Long-Term Holders (LTH).

The realized price, which reflects the supply-weighted average price paid for coins, acts as a key on-chain indicator for support or resistance. Since the realized price for STH is below Bitcoin’s current price at $69,793, it suggests a bullish trend could persist.

BTC Price Outlook: Aiming for $104,000

On the 3-day chart, Bitcoin has formed a bullish flag—a pattern known for its potential to signal strong upward momentum. This pattern includes two rallies divided by a consolidation phase, forming a flagpole and flag shape.$BTC