100% Of Bitcoin Bull Market Peak Indicators Remain Untouched, Is There Still Room To Run?

Over the years, a number of indicators have emerged that have often helped to pinpoint the Bitcoin bull market ￰0￱ indicators have been triggered in previous cycles, and their triggers have often been a signal that it was time to get out of the market, as a new bear market is underway. However, this time around, even with the Bitcoin price hitting multiple new all-time highs, none of these cycle peak indicators have been triggered, suggesting that the market top has yet to be reached. 0 Out Of 30 Bull Market Peak Indicators Triggered The Bull Market Peak Indicator tracker on the Coinglass website follows a total of 30 indicators that follow 30 indicators that show the progress of the Bitcoin bull market toward reaching a ￰1￱ major ones include the Bitcoin Bubble Index, the Puell Multiple, the Bitcoin Rainbow Chart, and the Altcoin Season Index, among ￰2￱ Reading: Trump To Install New Pro-Crypto CFTC Chair?

Here’s What We Know So Far Usually, these indicators are tracked on a scale of 0-100%, with 0% meaning that it is far from being triggered and 100% showing that an indicator has been ￰3￱ only a few of these get to the 100% mark and are triggered, it usually doesn’t mean that the Bitcoin peak has been reached. However, even now, not one of these indicators has been ￰4￱ continue to remain quite low, while the likes of the Bitcoin dominance are high, but still have not been ￰5￱ there to be a definite progress toward the Bitcoin market peak, at least half of these would have to be ￰6￱ This Means For Investors Since none of the bull market peak indicators have been triggered, it means that the Bitcoin price might actually be far away from its all-time ￰7￱ the score still being 0 out of 30, it points to this being a time to hold, despite the declines that the market has suffered ￰8￱ Reading: Here’s How High The Bitcoin Price Would Be If It Catches Up With The Stock Market According to a previous report from Bitcoinist, this was the case a few months ago, and now two months later, the tracker remains the same.

Thus, it could be that $126,000 is not the all-time high for Bitcoin, and that the market could end up getting an altcoin season after ￰9￱ the case that more than half of the bull market peak indicators do get triggered, then it means that the top of the market is getting ￰10￱ it gets to 30/30, then it signals the start of the next bear market, and this is when selling is at its highest in the market, leading to rapid price declines across the ￰11￱ image from Dall. E, chart from ￰12￱