Bitcoin 'not at peak yet': Watch these BTC price levels next

5 hours ago

Key takeaways:

Bitcoin deed $122,000 all-time precocious connected July 14, but onchain information shows nary signs of overheating, suggesting much maturation imaginable successful 2025.
BTC terms absorption astatine $124,000-$136,000 remains the main obstruction for now.

Bitcoin (BTC) analysts accidental that the BTC marketplace is not overheated contempt caller all-time highs of astir $123,000 earlier this week.

Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin terms enactment has established a caller scope successful little timeframes, and marketplace observers person cardinal enactment levels successful their sights.

Bitcoin marketplace not overheated yet

For CryptoQuant expert Axel Adler Jr., Bitcoin has not yet reached its highest range.

The expert shared a illustration showing the lack of a highest signal, which typically appears astatine large marketplace tops.

The Bitcoin highest awesome is simply a metric that indicates that the marketplace is overheated and a corrective signifier is becoming likely.

It appears erstwhile “the combined normalized marketplace to realized terms scale and 30 day/ 365 time worth days destroyed ratio people reaches oregon exceeds 1,” Adler Jr. explained, adding:

“The Peak Signal lone appears astatine large marketplace tops, and it hasn’t shown up this time, suggesting we’re not astatine a highest yet.”

Similarly, Bitcoin realized Cap-UTXO Age Bands, a metric that shows the organisation of realized headdress of a specified property cohort, besides suggests that BTC “hasn’t reached an overheated state,” according to CryptoQuant Crypto Dan.

In March 2024 and December 2024, erstwhile Bitcoin was astatine highest highs, the percent of the realized headdress held by the 1-day to 1-week UTXO property radical was arsenic precocious arsenic 14%. This percent is presently astir 5% contempt Bitcoin’s caller all-time highs.

In a Wednesday analysis, Crypto Dan wrote:

“Despite the terms rising adjacent higher, the information that overheating has importantly decreased compared to erstwhile short-term peaks suggests that Bitcoin could proceed to interruption all-time highs and emergence importantly successful the 2nd fractional of 2025, leaving beardown imaginable for growth.”

Cointelegraph besides reported that Bitcoin’s MVRV Z-Score remains good beneath humanities highest levels, signaling BTC terms tin ascent further.

Onchain information reveals cardinal Bitcoin terms levels to watch

Looking astatine Bitcoin’s short-term holder (STH) outgo basis, CryptoQuant expert Crazzyblockk outlines cardinal levels that traders should absorption on.

This reflection comes from Bitcoin's realized terms model. It uses the mean acquisition prices of STHs, including their modular deviations, to spot important areas wherever buyers are progressive and prices thin to move.

On the upside, the archetypal large absorption sits astatine $124,000, representing the mean outgo ground of STHs pushed 1 modular deviation higher.

“Historically, this set often coincides with profit-taking and section tops,” Crazzyblockk explained.

The precocious absorption is astatine $136,000; the mean outgo ground of investors who person held BTC for little than 30 days is pushed 1 modular deviation higher. This is “the astir assertive cohort,” the expert said, adding:

“When BTC pushes into this area, the marketplace is typically successful overbought conditions with excessive unrealized nett for caller buyers.”

On the downside, traders should support an oculus connected $113,000 — matching the 0.5 modular deviation supra the STH realized price; $111,000 — the mean outgo ground of investors who acquired BTC successful the past month; and $101,000, the baseline STH realized price.

$101,000 is the “most captious enactment for Bitcoin’s medium-term bullish structure,” the expert said.

“Historically, staying supra this portion signals strongholder condemnation and inclination continuation.”

The marketplace worth realized worth (MVRV) metric, which shows whether the plus is overvalued oregon undervalued, suggests that BTC terms inactive has much room for further expansion earlier the utmost level astir $124,000, marking a cardinal constituent of resistance.

On the downside, a cardinal country of involvement sits betwixt $113,700 and $115,300, a portion aligned with the 200-day EMA, which offers dynamic support. The adjacent important level beneath that is $107,500, the +0.5 STD MVRV band.

As Cointelegraph reported, Bitcoin indispensable reclaim the $119,250–$120,700 portion to resume its bullish momentum and purpose for caller highs supra $123,000.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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