key points:
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According to the list of 30 “bull market peak” indicators, there is no reason to sell bitcoin all-time high.
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One of the 30 indicators has not flashed a long -term top signal yet.
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Market participants are divided about whether BTC price action can actually print new records.
Bitcoin (BTC) Investors should catch “100%” at current prices-even between high and 30%of Q2 benefits of all time.
List of 30 bull market top indicators from monitoring resources Coalus Still 120% more BTC demands value.
“Hold 100%” 30 BTC price indicators say
Bitcoin may be consolidated after the new all-time high is repeated, but a huge list of classic onchain indicators shows no indication of market tiredness.
Coinglass’ curate “bull market peak” selection has 30 potential sales triggers, and its purpose is to hold the long -term BTC price top. Currently, one of the single components of it is also shining a top signal.
“According to these models $ BTC $ 135K to $ 230K will be this cycle,” the popular trader Cass Abe wrote in part of one X post On the subject on 13 June.
Abbe, in particular, three indicators highlighted-PI cycle top, market price realization value (MVRV) and long-term relative power index (RSI) – To display that bitcoin bull market still has a lot of space.
“It’s not the top,” he concluded.
Cointelegraph was already trekking PI bicycle top and MVRV data in March, given that the former bull markets were all finished with “overheating” visible ochen.
Coinglass currently classifies BTC as “hold 100%” property based on cues taken from top 30 indicators.
Bitcoin price action compares 2021
All market participants are not so confident in the approach to BTC/USD, especially in short term.
Connected: Bitcoin Oil Price Clies up to $ 105K as opinion on Outlook
As Coincidence reportThe rebound of bitcoin from April offering under $ 75,000 has now seen three rejections from resistance, as viewed through the instability indicator of the Bollinger band.
This week, the manufacturer of the bands, John Bollinger warned that the BTC price could give a way to the uptrend consolidation or even a complete reversal.
Other market participants similarly suspected bitcoin’s ability to construct the existing all-time high.
The popular traders of them are Roman, who compared the current climate at the end of 2021 just before the start of bitcoin this week. The most recent bear marketDuring which BTC/USD fell 80%.
“This price action seems more distributable and not accumulated/faster. After the same chopness at the end of 2021,” he Argued X followers.
“Note how the price can barely give high push without coming down – big players sell in pumps.”
Countergums usually roam for bull market Institutional demand – Along with the decrease of four years ago, a more mature market environment.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
