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Bitcoin's momentum indicator signals potential bull market like in 2019 and 2023, testing demand near $85K.

Technical Signals
24 Sep 2026
Bitcoin
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Bullish
Bitcoin's momentum indicator signals potential bull market like in 2019 and 2023, testing demand near $85K.

Bitcoin's market value to realized value ratio (MVRV) has crossed above its one-year average, a signal previously seen at the start of the 2019 and 2023 bull markets, suggesting a potential recovery. This momentum shift comes as bitcoin briefly reclaimed $87,000, supported by strong inflows into U.S. spot bitcoin ETFs. However, bitcoin faces a demand test around the $85,000 level, where many long-term holders may sell to break even. Meanwhile, most altcoins remain in losses despite recent rallies, indicating uneven market strength.

Bitcoin's market capitalization on Pluang stands at Rp30.405,21 trillion as of September 25, 2026, 03:01 WIB, with a 24-hour trading volume of Rp665,65 trillion. The price is relatively stable, showing a slight increase of 0.14% to Rp1.507.387.094. Order activity leans modestly toward buying at 55%, and typical holding periods are around 110 days, reflecting steady investor engagement during this phase of potential market recovery.

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