Bitcoin demonstrates signs of strength despite a slight price dip and upcoming macroeconomic events. Data suggests further growth potential as indicators are not at sell thresholds.
MVRV Signals Growth Potential
CryptoQuant data indicates that Bitcoin’s Short-Term Holder MVRV is below key profit-taking levels. Analyst Darkfost noted that BTC could gain another 20%–25% before short-term holders are likely to realize profits.
Slight Price Dip but Strong Interest
Currently, Bitcoin is trading at $118,157.21 after a minor $540 drop or 0.45% from recent highs. Overall market sentiment remains positive, with open interest standing at $40.33 billion.
Fed Rate Expectations
Attention is now focused on the upcoming Federal Reserve FOMC meeting on July 19, 2025, with expectations that rates will remain at 4.25%–4.50%.
Overall, Bitcoin exhibits positive signals amid increasing investor interest and steady Fed rate expectations, which may bolster its market position.
