Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin's eight bull top indicators gather: the current price has not broken through key points, and the bull market is still accumulating momentum

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

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
5

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!