Last week, Bitcoin (BTC) brushed against USD 123,000, a new all-time high, but then it settled down, moving between USD 116,500 and USD 120,000. Now, the million-dollar question is: is this a sign that it has already hit a peak or that an even bigger explosion is coming? 💥
Well, look, Urban Analysis brings you the hot data: several crypto experts are loudly saying that the BTC bull cycle is just warming up! 🔥
According to Bitcoin Vector, a heavy analysis firm, although Bitcoin's momentum has slowed down a bit, the structure and fundamentals remain as solid as a rock. They are clear: "This is not a top."
It is a coiled structure with support below. Imagine the price is gathering air, contracting for the next big leap. The Bitcoin Fundamental Index (BFI) confirms it: the network continues to grow and liquidity flows. It's not that the fundamentals are weak; it's that the price needs to catch up! 💨
On the other hand, Swissblock, another wealth manager that knows what it's doing, says that "short-term holders" (STH) — that is, people who have bought Bitcoin in the last 155 days — are not in "panic sell" mode.
When the price peaked at USD 123,000, it barely touched the "heated" band of its metric, not even entering the overbought zone. This means there is still room for the price to rise without people starting to sell their BTC out of euphoria or fear. In fact, if things continue on this pattern, we could see Bitcoin touch USD 138,000 without any problems. Now that's a projection to take into account! 🤯
And if that doesn't convince you, CoinGlass has 30 key indicators to detect peaks in the bull market, and guess what? None of them are signaling that we are near a top! 😮 Analysts like CryptosRus highlight that metrics such as the Pi Cycle Top, MVRV, RSI, and Reserve Risk all point to Bitcoin having much more room to rise. As they say: "Historically, the more boxes are checked on this list, the closer we are to an explosive peak. For now? Green lights." The current signal is a "hold at 100%." 💯
In summary: Bitcoin is consolidating, yes, but on-chain data and the sharpest analysts suggest that this is not a goodbye, but a "hold on, we're taking off!" The market move is brewing, and everything points to the best being yet to come.
So, do you think Bitcoin is ready to leave everyone speechless and smash that USD 123K? Stay tuned, because the drama is just beginning. 👀$BTC
