Is The Bitcoin Cycle Top In? Here’s What 13 On-Chain Indicators Say
In the latest edition of Capriole Investments’ “Bitcoin Update,” Charles Edwards, founder and CEO, examines the current state of Bitcoin through a detailed analysis of thirteen on-chain indicators to address the critical question: Is the Bitcoin cycle top in? A month after a promising technical breakout above $65.5K, which briefly touched $70K, Bitcoin experienced a […]
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Bitcoin’s renewed upward trend has put the flagship asset in the limelight as it moves toward its current all-time high of $110,000, achieved in January this year. While BTC is about 5% away from its peak, speculations are whether this newfound strength could lead to a cycle top. However, cycle-top indicators appear to be shifting […]
Analyzing seven key on-chain indicators can give us major hints as to when the bitcoin price is at the top or bottom of the current market cycle.
Just when crypto participants are discussing that Bitcoin seems to have entered a bearish phase due to its sharp pullback from its current all-time high and prolonged consolidation phase, the digital asset has rebounded strongly, revisiting levels like $95,000. Even though BTC has failed to reclaim its all-time high, many believe the ongoing cycle might […]
Bitcoin is still trading around the $103,000 mark, although the upward momentum it started in May has exhibited a slowdown in the past seven days. Although a short-term volatility is currently playing out, the long-term outlook is undoubtedly bullish. Related Reading: Analysis: Crypto Heats Up As $35 Billion Enters Market In Under A Month Some analysts are looking to long-term cycle indicators for direction. One such tool, the Golden Ratio Multiplier, which called the Bitcoin top in 2021, has resurfaced with another interesting top for the current Bitcoin cycle. Golden Ratio Multiplier....
A technical bias conflict in the Bitcoin market is looking to influential on-chain indicators for cues—and most of them are favoring bulls.