Is Bitcoin price going to crash again?

Quick Summary:

The MVRV ratio Z-score is a key metric used to assess whether Bitcoin is overvalued or undervalued. “Historically, valuation metrics at these levels have signaled either a sharp correction or the start of a bear market.”Bitcoin price bear flag hints at $68,400From a technical perspective, BTC price is trading within a bearish continuation pattern that indicates a potential correction ahead.

Bitcoin (BTC) tapped $83,700 during the early Asian hours on March 12 after reaching a low of $76,600 on March 11 amid a slight improvement in market sentiment. BTC/USD facing rejection from the $84,000 level raises questions about whether BTC price could drop further over the next few days.BTC/USD hourly chart.

Meanwhile, Bitcoin’s apparent demand remains low, implying a decline in risk appetite from potential investors, according to data from market intelligence firm CryptoQuant, What to know:Apparent demand is the difference between production and changes in inventory. Production refers to BTC mining issuance, while inventory refers to inactive supply for over a year.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: Will Bitcoin crash? Bitcoin Open Interest Is Bitcoin price going to crash again? BTC Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 09:35:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26918292

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 600 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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