Bitcoin's eight bull top indicators gather: the current price has not broken through key points, and the bull market is still accumulating momentum

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CryptoChan2024/12/05 08:25

By:CryptoChan

According to CryptoChan's latest data analysis, the pricing indicators of the eight bull market peaks of Bitcoin show that the current price of Bitcoin has not yet broken through any key levels. This indicates that the market may still be in the brewing stage before the bull market, and there is still a distance from a full outbreak.

The following are the specific values of the current eight major indicators:

Curve-Fitted MVRV Price：$125,001

Deviation-Corrected MVRV Price：$127,139

Fibonacci-Balanced Price：$130,219

Deviation-Corrected STH-MVRV Price：$136,434

Tradable Realized Price：$148,062

Pow Price：$173,757

Thermocap Price：$186,910

Fibonacci-Terminal Price：$189,590

Looking back at the peak performance of the historical bull market of Bitcoin, we can find that the price often breaks through multiple pricing indicator lines when it reaches the peak, reflecting the high activity of the market.

Mid-2011 bull market peak: Coin price breaks through 5 lines

The first bull market peak in 2013: the price broke through 5 lines

The second bull market peak in 2013: the price broke through 7 lines

At the end of 2017, the bull market peaked: the price broke through 7 lines

The bull market peak in the first half of 2021: the price broke through 5 lines

These breakthroughs mark the peak of capital sentiment and market momentum during the bull market phase, which is often followed by a correction.

Bitcoin's eight bull top indicators gather: the current price has not broken through key points, and the bull market is still accumulating momentum image 0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.