”Hold 100%” say 30 BTC price indicators

Bitcoin may be consolidating after repeated new all-time highs, but a giant list of classic onchain indicators shows no signs of market exhaustion at all.

CoinGlass’ curated “bull market peak” selection contains 30 potential selling triggers, and aims to catch long-term BTC price tops. Currently, not a single one of its components is flashing a top signal.

“According To these models $BTC will be $135K to $230K this cycle,” popular trader Cas Abbe wrote in part of an X post on the topic on June 13.

Abbe, in particular, highlighted three indicators — Pi Cycle Top, Market Value to Realized Value (MVRV) and long-term Relative Strength Index ( RSI ) —to demonstrate that the Bitcoin bull market still has plenty of room to run.

“This ain’t the top,” he concluded.

Cointelegraph was already tracking Pi Cycle Top and MVRV data in March, noting that prior bull markets had all ended with “overheating” visible onchain.

CoinGlass currently categorizes BTC as a “hold 100%” asset based on cues taken from the top 30 indicators.

 Source: CoinGlass