According to analyst Ali, Bitcoin is facing a potential breakout. The Market Value to Realized Value (MVRV) indicator is approaching a crossover with its 30-day moving average. This technical phenomenon, known as a golden cross, could signal the beginning of another bullish phase for the cryptocurrency, according to a report by U.Today.

Bitcoin awaits a golden cross

The analyst is watching a potential golden cross between the MVRV ratio and its 30-day SMA, which may indicate a new upward movement for Bitcoin. This event occurs when the short-term average crosses above the long-term one, typically considered a bullish signal.

The MVRV ratio is used to identify whether Bitcoin is overvalued or undervalued compared to the average purchase price of investors. If a golden cross occurs in this indicator, it may suggest that a large portion of investors is entering a profitable zone. This could trigger a new inflow of capital, especially if buying pressure increases simultaneously.

Watching for a golden cross between the MVRV Ratio and its 30-day SMA, which could mark the beginning of #Bitcoin $BTC next leg up. pic.twitter.com/TPbRQa6ko2

— Ali (@ali_charts) June 28, 2025

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Bitcoin still in consolidation

Although Bitcoin is in a slight uptrend – currently around 106,800 dollars with a 24-hour drop of -0.33% – it remains, according to TradingView, in a consolidation phase between 100,000 and 110,000 dollars. According to Glassnode, on-chain activity and holder profitability have decreased in recent weeks, which is typical during periods of low volatility and market hesitation.

These phases often precede more significant price movements. However, unless profitability and trading activity increase, the likelihood of breaking historical highs remains limited.

Although Ali applied the golden cross to the MVRV metric (the ratio of market to realized price), analysts more commonly track golden crosses based on the 50-day and 200-day moving averages, such as those shown by Bitbo. This occurs when the 50-day average crosses above the 200-day average. Conversely, a “death cross” represents a move below the 200-day average.