Cryptocurrency market pushes higher, buoyed by US-UK trade deal

The cryptocurrency market is pushing higher, buoyed by a newly agreed-upon trade deal between the United States and the United Kingdom.

The cryptocurrency market is pushing higher, buoyed by a newly agreed-upon trade deal between the United States and the United Kingdom.

Despite recent gains, Rockwell, a trader known for his analysis of the MVRV (Market Value to Realized Value) ratio, believes many investors will regret missing phases 4 and 5 of the Bitcoin MVRV cycle. These phases, he says, typically mark the heart of the bull market and are characterized by a sustained period of high realized losses for investors. Rockwell claims that phases 4 and 5 are defined by a divergence in the 30-day MVRV and the 144-hour MVRV, with the former rising while the latter declines.

Trader Notes:

* CryptoCon says many investors will regret missing phases 4 and 5 of the Bitcoin MVRV cycle, which historically mark the heart of the bull market. He remains confident that Bitcoin is en route to reclaim $100,000 and beyond.

* Crypto trader Kevin highlighted his April 28 prediction of a drop in Bitcoin dominance, which has since declined by 1%, confirming his forecast that altcoins would begin outperforming BTC.

* Meanwhile, Blockchainedbb remains disciplined in her strategy, even after Bitcoin’s 34% rally. She plans to take profits within a set range and anticipates BTC will consolidate between $108,000–$122,000 for up to three months. During that time, she expects a strong altcoin rally, warning that most retail buyers will likely enter near the top, repeating classic cycle behavior.

* Rekt Capital added that the recent bullish divergence ended Bitcoin’s downside deviation, pushing BTC back above $100,000, signaling renewed strength.