- CoinGlass data shows that none of the 30 key bull market indicators have signaled a Bitcoin top, suggesting the current rally could extend to $230K.
- Despite short-term doubts, experts recommend holding 100% of BTC as on-chain metrics remain firmly bullish.
Despite Bitcoin trading near all-time highs around $105,000, top analysts and on-chain data models say the bull market is far from over — and could be heading toward a jaw-dropping $230,000.
According to CoinGlass, a crypto analytics platform tracking 30 key “bull market peak” indicators, none of the signals suggest that Bitcoin has hit its cycle top. In fact, all metrics indicate more upside potential, with the platform recommending investors should “hold 100%” of their BTC allocations.
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Among the most trusted indicators — the Pi Cycle Top, Market Value to Realized Value (MVRV), and long-term Relative Strength Index (RSI) — all remain comfortably below the thresholds that have historically marked Bitcoin tops. Trader Cas Abbe, echoing this sentiment, recently stated, “This ain’t the top,” and forecasted a possible range of $135K to $230K for BTC in this cycle.
This bullish thesis stands in contrast to more cautious voices in the market. Some traders are drawing eerie parallels to late 2021, when BTC peaked before plunging over 80%. The use of Bollinger Bands — a volatility indicator — shows Bitcoin facing repeated resistance, suggesting potential consolidation or a reversal in the short term. Even John Bollinger, the creator of the tool, hinted at a cooling period ahead.
Still, history suggests that bull markets often end with extreme sentiment and visibly overheated on-chain metrics — conditions that simply aren’t present yet. So while short-term volatility may rattle some nerves, long-term indicators paint a vastly different picture.
As debates rage on, the data tells a compelling story: Bitcoin’s journey this cycle may be far from over — and $230K could still be on the horizon.
- CoinGlass data: 30 top indicators show no BTC top in sight, hinting at a peak between $135K–$230K.
- Traders advised to “hold 100%” of Bitcoin amid continued bullish momentum, despite mixed short-term views.