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News 2024-12-05 05:25
Eight bullish top indicators
Bitcoin's Gather: Current Price...
According to the latest data analysis
from CryptoChan, the price indicators
of the eight bull market peaks of the
Bitcoin show that the current price of
Bitcoin has not yet broken any levels
key. This indicates that the market may
still be in the preparation phase before
of the bull market, and there is still a
distance from a full outbreak.
The following are the specific values of the
current eight main indicators:
Curve Adjusted MVRV Price: $125,001
MVRV Price Corrected for Deviation:
$127.139
Fibonacci Balanced Price: $130,219
STH-MVRV Price Corrected for Deviation:
$136.434
Negotiable Realized Price: $148,062
Pow Price: $173,757
Thermocap Price: $186,910
Terminal Price by Fibonacci: $189,590
Looking at peak performance of the
Bitcoin's historic bull market,
we can find that the price
often breaks several lines of
price indicators when it reaches the
peak, reflecting the high activity of the
market.
Bull market peak in mid-2019
2011: Currency price broke 5 lines
First Bull Market Peak in 2013:
the price broke 5 lines
Second bull market peak in
2013: Price broke 7 lines
In late 2017, the bull market hit
the peak: the price broke 7 lines
Bull market peak in the first
mid 2021: price broke 5 lines
These breakouts mark the peak of the
capital sentiment and momentum
market during the market phase of
high, which is often followed by a
correction.
CryptoChan
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Disclaimer: The contents of this
article reflects only the opinion
of the author and is not used for the purposes of
financial advice.
