Cryptoquant analyst: Cryptocurrency market is still in a bull market, and BTC may rise further in early June

Cryptoquant analyst CryptoDan said in a post that the cryptocurrency market is still in a bull market, and the bitcoin price has not yet reached its peak, predicting that it can rise further. In the past bull market, the MVRV peak was 4.83 and 3.97 respectively, and now it has only reached 2.78. It has not yet entered the overvaluation zone and is expected to rise further. Bitcoin has experienced more than two months of sideways trading and correction after entering the overheating phase in March 2024, and is likely to see further gains in early June.