👀The "Satoshimeter" indicator, created by analyst Stockmoney Lizard, suggests that #bitcoin is still in the intermediate phase of its market cycle, despite having surpassed $120,000.

This indicator, which is based on on-chain data, has not reached the euphoric peaks of previous cycles, indicating that the market is not overheated. This perspective points to significant bullish potential, with projections placing the target price at $200,000 before a major correction.

The current rise, therefore, is interpreted as another step in a longer journey.