menu
techminis

A naukri.com initiative

google-web-stories
source image

Coin Telegraph

19h

read

44

img
dot

Image Credit: Coin Telegraph

Is Bitcoin price close to a cycle top? — 5 indicators that help traders decide

  • Combining technical and behavioral indicators can help predict Bitcoin price cycle tops accurately.
  • Key indicators include MVRV-Z Score, Pi Cycle Top, trade volume trends, Puell Multiple, and exchange inflows.
  • Bitcoin may be approaching the final stage of its current market cycle, signaling a potential market top.
  • Significant increase in Bitcoin whale accumulation observed since late 2024.
  • Identifying the top is challenging, with FOMO driving investors to buy at high points risking drawdowns or liquidations.
  • Technical and onchain indicators like MVRV Z-score and Pi Cycle Top historically signal nearing Bitcoin peaks.
  • Lower trading volumes during price increases can indicate weakening momentum and a possible reversal.
  • Metrics like Puell Multiple and exchange inflows track profit-taking behaviors of long-term holders and miners.
  • Historical price observations suggest a systematic approach to exiting positions, such as the 15% rule.
  • Multiple signals aligning can provide a strong indication of when to exit positions and secure profits.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app