BlockBeats news, on August 14, CryptoQuant analyst Axel Adler Jr stated that although Bitcoin has reached an all-time high, the Bitcoin Price Temperature (BPT) remains at a mid-high level of 2.56 (below the local peak of 3.57), which means it is currently in the 'warm' range in this cycle, but there are no obvious signs of overheating yet. The price remains above the four-year moving average and its +2σ, confirming a bullish trend.
The main risk is a regular pullback in the upward trend, with the 'end' signal appearing when the Bitcoin Price Temperature (BPT) accelerates above 3.0.
