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Bitcoin’s Latest ATH: Is The Top Finally In Or Just Getting Started? Newsbtc 1週間前

Bitcoin’s Latest ATH: Is The Top Finally In Or Just Getting Started? 📈

Bitcoin

Bitcoin has been on a remarkable upward trajectory, recently surpassing $109,000, marking a 150% increase in year-over-year performance. CryptoQuant analyst Gaah has delved into Bitcoin’s market cycle, looking at the Index of Bitcoin Cycle Indicators (IBCI), which is now in the "distribution region," a sign that Bitcoin might be nearing a peak.

Gaah suggests that while the IBCI hasn't hit a definitive top yet, its position serves as a cautionary signal. As long as IBCI stays above 50%, the trend remains bullish, hinting at potential continued price growth. Other indicators, like NUPL and Puell Multiple, present a mixed outlook but suggest the bull run might not be over.

Contrasting Gaah's view, CryptoQuant analyst Burak Kesmeci highlights the Bitcoin NVT Golden Cross metric, which signals a potential "local bottom". As Bitcoin recently declined by about 7.5%, the metric’s drop might precede a recovery and renewed upward momentum.

出典: www.newsbtc.com ↗

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