According to an analysis by Assure DeFi CEO Chapo, Bitcoin's Market Value vs. Realized Value (MVRV) indicator indicates that there is still room for Bitcoin to rise in this cycle. Chapo expects Bitcoin's MVRV to reach 3.2 in 2025, suggesting that Bitcoin will usher in another bull market in 2025. In April 2021, Bitcoin MVRV reached this level when the price of Bitcoin was $58,253. Currently, Bitcoin MVRV is 1.95 and the price is $84,416.