Market Data Reveals Bitcoin Not Anywhere Near Its Top, But Risk Factors Remain High
2025-07-18 19:48:42
Main Idea
Market data suggests Bitcoin is not yet at its peak, with analysts predicting further price increases despite recent highs indicating a high-risk euphoric phase.
Key Points
1. Bitcoin's current bull cycle has concluded, but market experts suggest it is not yet at its top.
2. Glassnode's analysis predicts Bitcoin could reach $136,000, with recent highs around $122,000 marking a high-risk euphoric phase.
3. Short-term holders' profit-taking volume hit 82%, exceeding the overheated limit of 62%, a signal often seen in bull markets.
4. Four key accumulation zones were identified between $93k–$97k and $101k–$109k, suggesting potential for further upside movement.
5. Bitcoin was trading at $117,710 at the time of the report.
Description
Bitcoin appears far from reaching its peak, despite growing speculation that the apex cryptocurrency has concluded its current bull cycle. New data, outlined by market experts, reveals the asset’s current position, along with potential risks associated with trading at this time. Conversations about Bitcoin’s price have followed the crypto scene since Bitcoin bulls initiated a
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