Bitcoin market valuation metrics

suggest that the rising trend is not over yet. The lack of signs of overvaluation of the asset, typical of price peaks, makes analysts consider the likelihood of continued growth. In particular, at the moment, new investors own a little more than 50% of the total volume of investments in the cryptocurrency. By comparison, at the previous market highs reached in 2017 and 2021, this share was over 90% and 80%, respectively. Technically, the bitcoin price growth was resumed from the $92000 mark, however, whether the market will manage to renew the maximum or a deeper correction awaits us - it is too early to judge.