- Thirty key on-chain indicators from CoinGlass show no signs of a Bitcoin market top, suggesting BTC could surge to $230K this cycle.
- Analysts recommend holding 100% of Bitcoin holdings, though some traders warn of short-term volatility and potential consolidation.
Despite setting new all-time highs, Bitcoin’s upward momentum is far from over—if 30 key indicators from CoinGlass are anything to go by. According to a comprehensive on-chain analysis, none of these classic “bull market peak” signals are flashing red yet, suggesting BTC could surge as high as $230,000 this cycle.
CoinGlass, a leading crypto analytics platform, has compiled a curated list of 30 top indicators designed to detect long-term tops. At the moment, all 30 remain firmly bullish. Their verdict? “Hold 100%” of your Bitcoin portfolio.
Popular trader Cas Abbe reinforces this stance, highlighting three major indicators—Pi Cycle Top, MVRV (Market Value to Realized Value), and long-term RSI—as proof that the bull market is still thriving. “This ain’t the top,” Abbe declared, estimating a price range of $135K to $230K in this cycle.
The Pi Cycle and MVRV models, which accurately signaled previous market peaks, still show significant room for upward movement. In fact, Cointelegraph previously emphasized that past bull markets ended with clear signs of overheating—something absent in today’s data.
Yet, not everyone shares the enthusiasm. Skeptics point to short-term volatility, with Bitcoin facing three recent rejections from resistance levels, as highlighted by Bollinger Bands creator John Bollinger. His warning suggests a possible consolidation phase—or even a reversal—may be looming.
Adding to the caution, trader Roman compared the current choppy market behavior to the late 2021 cycle, which preceded Bitcoin’s dramatic 80% correction.
Still, for long-term holders and bullish investors, the broader on-chain narrative remains optimistic. Until these 30 critical indicators begin flashing warning signs, the prevailing message is loud and clear: the bull market isn’t done, and Bitcoin’s best days may still lie ahead.