Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak
Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles. According to the analyst,....
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The Bitcoin market remains in an intense corrective phase after prices registered a significant 6.7% price decline in the past week. The premier cryptocurrency is presently valued at around $108,000, which recent on-chain data describes as a rather volatile state. Notably, there is a need for an immediate price rebound or Bitcoin risks a further downside. Related Reading: Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak Bitcoin Faces Danger Of Sliding To $100,000 Support In an X post on August 29, Julio Moreno, Head of Research at CryptoQuant, shares an important....
A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) next all-time high and potential market bottom. According to the analyst, BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded BTC’s explosive upward rallies. Based on these patterns, the expert projects that if BTC has found a bottom near $60,000, then the next likely top could be around $200,000. Bitcoin Cycle Analysis Points To Final Market Bottom Crypto market expert Ardi has shared a new....
A simple comparison shows just how much room both BTC and ETH price action have left to grow. Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop....
Bitcoin continues to retrace from its record highs, with the asset trading below $115,000 at the time of writing. Current price levels place Bitcoin near $113,098, a decline of around 6.5% over the past week and close to 9% below its all-time peak. Despite the downturn, analysts monitoring on-chain data suggest the broader market cycle may still have room to extend upward. One such view comes from CryptoQuant’s QuickTake contributor, PelinayPA, who analyzed Bitcoin’s market value to realized value (MVRV) ratio. The analyst noted that while recent corrections may weigh on short-term....
A widely shared cycle model has reopened the debate over whether Bitcoin’s recent rally has already peaked. Related Reading: Coinbase Drops $3 Billion To Snag Deribit In Major Crypto Shake-Up According to posts on social platforms, the chart lines up past market cycles and points to a possible top on December 22, 2025, while price […]