Sign Up on MEXC3 Key Metrics That Hint Bitcoin Price Will Hit $100K Soon
Highlights
- Three key on-chain metrics suggest Bitcoin is preparing for a strong bounce.
- The Network Realized Profit/Loss indicator suggests investors panic sold, reducing the likelihood of a further drop.
- Whales have accumulated 30,000 BTC since the ATH, indicating investor bullishness.
After crashing nearly 15% Bitcoin has spent nearly a week below $100K and BTC currently trades at $94,124. Despite the brutal crash and sideways movement when will Bitcoin price hit $100,000? This article explores three key on-chain metrics that suggest that BTC is preparing for a strong bounce.
In the previous article, CoinGape explore three reasons why Bitcoin price crash will end soon. This article explores why BTC should bounce soon and revisit the historic $100K level.
3 Key Metrics That Could Propel Bitcoin Price to $100K
According to Santiment, on-chain data provider, the Network Realized Profit/Loss (NPL) indicator saw a spike to roughly 106K & 100K on December 19 and 20, respectively. This profit-taking suggests that investors panic sold. Hence, the chances of a further drop due to spike in selling pressure.
Further supporting this thesis is the 30-day MVRV (market value to realized value) ratio has dipped below zero and sits at -4.77%. Between 5% to 10% is where BTC formed a bottom in the past two months. The fact that BTC’s 30-day MVRV is sitting in the opportunity zone suggests that a reversal is likely in the next few days.
Lastly the supply distribution metrics show that whales accumulated 30,000 BTC since the ATH. These wallets that hold 100 to 1,000 BTC have shown resilience despite the short-term correction and hints that investors are bullish on the last few days of 2025.
All in all, the outlook for Bitcoin price looks bullish and a potential drop here is highly unlikely. Even if there is a drop, it should stabilize around $90K. As mentioned in yesterday’s Bitcoin article, the drop is likely going to reverse soon and kickstart a consolidation or a reversal.
Furthermore, the quarter four is generally bullish according to historical price action, which adds credence to what technicals and on-chain metrics are showing. Therefore, the ongoing downtrend is unlikely to continue and a potential bounce could be coming up soon.
Frequently Asked Questions (FAQs)
1. What are the three key on-chain metrics that suggest a strong bounce for Bitcoin?
2. What does the 30-day MVRV ratio indicate about Bitcoin's price?
3. How do whale accumulation patterns impact Bitcoin's price outlook?
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