Crypto researcher Julien Bittel indicates the Bitcoin cycle top has not occurred, suggesting a bullish scenario for BTC and a potential parabolic phase leading to new highs.
The 'GMI Bitcoin Cycle Top Finder' has yet to show a top signal, implying that Bitcoin still has a significant upside before potentially hitting a cycle top according to historical patterns.
Analysts like TechDev and Rekt Capital echo the sentiment that the Bitcoin cycle top is not imminent, with TechDev highlighting a launch signal that historically precedes parabolic BTC price surges.
Firms like Bitwise and Standard Chartered maintain optimistic forecasts, with projections of Bitcoin hitting $200,000 this year fueled by institutional demand, ETF inflows, and corporate adoption of Bitcoin treasury strategies.