Crypto News Today: CryptoQuant Analyst Predicts Bitcoin Market Cycle Top by September 10

CryptoQuant’s MVRV analysis suggests Bitcoin’s market cycle top could form by Sept. 10, with a potential price peak as early as late August amid Fed rate cut expectations.Key TakeawaysCryptoQuant’s MVRV 365-day moving average shows Bitcoin may be nearing a market cycle top.Analysts say the “two-humped camel” pattern mirrors the 2021 cycle.The cycle top could form by Sept. 10, but the price peak might come as early as late August.MVRV Suggests Bitcoin Is Nearing a TopAccording to TechFlow, analysts at CryptoQuant highlighted that the 365-day moving average of the MVRV indicator – which measures Bitcoin’s market value relative to its realized value – is showing signs of a late-cycle peak.The indicator is forming what analysts call a “two-humped camel” structure, similar to what was seen during the 2021 bull cycle, historically preceding major tops.Timing the Peak: August or September?Based on CryptoQuant’s six-month interval model, the market cycle top could form around September 10.However, because MVRV is a lagging indicator, the actual BTC price peak could arrive earlier — as soon as late August.This timeline aligns with expectations for a potential Federal Reserve rate cut and improving macro sentiment, both of which could fuel short-term bullish momentum before a cooling phase.Implications for Traders- Short-term upside possible before a cycle peak forms.- Caution warranted as the MVRV structure historically signals overheating.- Macro factors, including Fed policy shifts, could accelerate or delay the timing of the market top.