Bitcoin analysts say this must happen for BTC price to break $112K
Pickup in MVRV momentum, profitability and onchain activity could push BTC above the next big hurdle at $110,000 into price discovery.
Key takeaways:
Bitcoin’s weakening MVRV momentum could signal the start of the late stage of the bull cycle.
Spot and onchain transfer volume must recover for BTC price to break out.