Interestingly, the ongoing powerful feelings suggest that the rally is not over. According to a cipher (stock maneet lizard), the bitcoin is in the middle of the predictive peak of this cycle, and the current pump is Large upward trajectory。
Atshimeter says that the price of bitcoin still has a long way.
SATOSHIMETER is a technical analysis tool developed by Stockmoney’s lizard. Satoshimeter monitors the Bitcoin market cycle using on -fin data and is relatively good for market peaks and low prices. For example, as seen in the year, such as 2011, 2015, 2019, and 2022, the measured values of around 1.6 usually mark low points in the bear market. On the other hand, the peak of the bloomers is emphasized by the measured values exceeding 20 of the Satahi meter.
Bitcoin prices have witnessed a significant rapid increase from the beginning of the year and have not shown any signs to stop immediately. In particular, the price of bitcoin has risen 163 % in the last 12 months, according to CoinmarketCap data. Despite the ongoing rally of bitcoin, Satahometer is currently sitting in a medium -range area, suggesting that cryptocurrency has room for growth before cycle peaks.
Stockmanite lizard I emphasized it The rapid increase in recent prices may show short -term fixes, but they are part of the trajectory of a healthy market. This means that the price of bitcoin allows you to see regular pullbacks when you integrate profits, but the $ 100,000 bitcoin price is definitely not the peak of this cycle.
BTC prices long roads
The final break of more than $ 100,000 will definitely be a major milestone for Bitcoin’s price history. However, the current market emotions suggest that this bullish circulation is only the first step of Milstone. For example, a crypto analyst StockMoney lizard has been projected. Another analysis Bitcoin prices are about to advance to the second parabola driving, which is rapidly increasing over the price mark of $ 120,000 by April 2025.
This price goal is very bullish, but it’s inferior to it. Prediction from other cipher analysts. PLANB, the creator of the popular stock -two flow (S2F) model, has announced a more ambitious target. he I will propose that bitcoin It may reach a price of $ 1,000,000 by December 2025. Despite these ambitious goals, you need to be careful, especially as bitcoin looks like. Close to the superheated zone About MVRV ratio indicator.
At the time of writing, Bitcoin is trading for $ 98,550.
Special image created in Dall.e, chart of TradingView.com