Bitcoin Price Top Could Be At $180,000 In This Cycle , Blockchain Firm Explains How | Bitcoinist.com

Bitcoin Price Top Could Be At 0,000 In This Cycle , Blockchain Firm Explains How | Bitcoinist.com

It has not been all rosy up to now week, however the digital asset market has reacted pretty properly to the beginning of Donald Trump’s new administration. Particularly, the Bitcoin value has been capable of climate the unsure storm clouding the cryptocurrency market over the previous few days.

Whereas the premier cryptocurrency may need slowed down in current days, the most recent on-chain statement exhibits that BTC is prone to proceed its upward motion. Right here’s how the token value is likely to be gearing for one more leg up over the approaching weeks.

Is There Room For Additional BTC Price Development?

In a Jan. 24 submit on the X platform, market intelligence agency Glassnode defined that the Bitcoin value will not be but overheating and nonetheless has the potential for additional progress over the subsequent few weeks. This on-chain revelation relies on the Mayer A number of indicator, which is calculated because the ratio between as asset value and the 200-day transferring common (200DMA).

The Mayer A number of measures the space of the Bitcoin value from its long-term common to estimate overbought and oversold circumstances. This metric can also be used to ascertain macro bull or bear bias when analyzing cyclical value actions.

Traditionally, the Mayer A number of indicators an overbought market situation and a possible value prime when its worth is above 2.4. However, a Mayer A number of worth under 0.8 suggests an oversold situation and {that a} market backside is likely to be in.

Supply: Glassnode

In response to information from Glassnode, the worth of Bitcoin’s Mayer A number of stands at 1.37, indicating that the premier cryptocurrency remains to be fairly a distance from the overbought territory. This piece of information implies that BTC nonetheless has room for additional progress on this cycle. Furthermore, the Bitcoin value is at the least 35% above the 200-day transferring common, which is a bullish sign.

Glassnode highlighted that the value of Bitcoin would want to surge above $180,000 to turn into overbought. This value stage represents the potential peak for the flagship cryptocurrency on this present cycle and could possibly be adopted by a development reversal. With the oversold threshold at 0.8, the Mayer A number of locations the Bitcoin value backside at round $60,000.

The Bitcoin value has not been notably spectacular since surpassing the $100,000 mark, resulting in shouts of a value prime available in the market. This indicator considerably offers perception into the potential path of the premier cryptocurrency over the subsequent few months.

Bitcoin Price At A Look

As of this writing, the value of Bitcoin sits just under $105,000, reflecting no important motion up to now day.

Bitcoin price
The worth of BTC on the each day timeframe | Supply: BTCUSDT chart on TradingView

Featured picture from iStock, chart from TradingView

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 117,705.54 5.75%
ethereum
Ethereum (ETH) $ 2,991.68 6.95%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.57 6.29%
bnb
BNB (BNB) $ 689.12 2.69%
solana
Solana (SOL) $ 163.81 3.96%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.196885 8.42%
tron
TRON (TRX) $ 0.296223 1.83%
staked-ether
Lido Staked Ether (STETH) $ 2,989.19 6.93%
cardano
Cardano (ADA) $ 0.689434 10.60%
hyperliquid
Hyperliquid (HYPE) $ 45.40 8.67%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,659.52 5.77%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,630.31 7.63%
sui
Sui (SUI) $ 3.46 8.29%
chainlink
Chainlink (LINK) $ 15.31 6.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 521.04 1.36%
stellar
Stellar (XLM) $ 0.304465 4.88%
avalanche-2
Avalanche (AVAX) $ 20.83 6.92%
hedera-hashgraph
Hedera (HBAR) $ 0.197283 11.73%
leo-token
LEO Token (LEO) $ 9.00 0.49%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,204.93 6.98%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 7.10%
weth
WETH (WETH) $ 2,992.18 7.01%
usds
USDS (USDS) $ 1.00 0.02%
the-open-network
Toncoin (TON) $ 2.93 1.68%
litecoin
Litecoin (LTC) $ 94.86 4.36%
whitebit
WhiteBIT Coin (WBT) $ 46.78 0.16%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.32%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 117,755.55 5.80%
monero
Monero (XMR) $ 326.65 0.68%
polkadot
Polkadot (DOT) $ 3.92 7.03%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.11%
bitget-token
Bitget Token (BGB) $ 4.53 2.35%
pepe
Pepe (PEPE) $ 0.000013 13.74%
uniswap
Uniswap (UNI) $ 8.70 3.84%
aave
Aave (AAVE) $ 307.96 3.23%
pi-network
Pi Network (PI) $ 0.500022 5.87%
dai
Dai (DAI) $ 1.00 0.00%
bittensor
Bittensor (TAO) $ 377.42 6.53%
aptos
Aptos (APT) $ 4.92 6.94%
near
NEAR Protocol (NEAR) $ 2.55 7.62%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.14%
crypto-com-chain
Cronos (CRO) $ 0.097009 1.76%
okb
OKB (OKB) $ 49.45 2.04%
internet-computer
Internet Computer (ICP) $ 5.44 4.73%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 199.15 4.04%
ondo-finance
Ondo (ONDO) $ 0.900751 6.03%
ethereum-classic
Ethereum Classic (ETC) $ 18.56 4.76%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
susds
sUSDS (SUSDS) $ 1.06 0.01%
kaspa
Kaspa (KAS) $ 0.086505 6.67%
usd1-wlfi
USD1 (USD1) $ 1.00 0.11%
ethena
Ethena (ENA) $ 0.346762 19.54%
mantle
Mantle (MNT) $ 0.633578 4.90%
cosmos
Cosmos Hub (ATOM) $ 4.63 6.42%
vechain
VeChain (VET) $ 0.02456 8.95%
arbitrum
Arbitrum (ARB) $ 0.412803 14.40%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.224312 7.27%
official-trump
Official Trump (TRUMP) $ 9.92 7.61%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.747831 6.40%
gatechain-token
Gate (GT) $ 16.22 0.71%
render-token
Render (RENDER) $ 3.72 8.79%
fasttoken
Fasttoken (FTN) $ 4.46 0.22%
worldcoin-wld
Worldcoin (WLD) $ 1.09 18.16%
algorand
Algorand (ALGO) $ 0.218295 12.39%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,990.83 6.67%
bonk
Bonk (BONK) $ 0.000023 6.13%
sky
Sky (SKY) $ 0.083811 1.07%
sei-network
Sei (SEI) $ 0.322353 22.16%
filecoin
Filecoin (FIL) $ 2.60 6.04%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 117,589.51 5.75%
quant-network
Quant (QNT) $ 114.40 3.27%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.74 2.72%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 174.30 4.40%
spx6900
SPX6900 (SPX) $ 1.64 6.12%
jupiter-exchange-solana
Jupiter (JUP) $ 0.488944 6.74%
usdtb
USDtb (USDTB) $ 1.00 0.00%
kucoin-shares
KuCoin (KCS) $ 11.37 1.96%
first-digital-usd
First Digital USD (FDUSD) $ 0.998443 0.04%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,135.46 6.94%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,410.38 7.15%
usdt0
USDT0 (USDT0) $ 1.00 0.04%
fartcoin
Fartcoin (FARTCOIN) $ 1.35 15.19%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.021234 11.83%
celestia
Celestia (TIA) $ 1.88 10.33%
nexo
NEXO (NEXO) $ 1.26 1.57%
injective-protocol
Injective (INJ) $ 12.55 12.91%
optimism
Optimism (OP) $ 0.674273 13.36%
xdce-crowd-sale
XDC Network (XDC) $ 0.071972 4.54%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.80 10.15%
flare-networks
Flare (FLR) $ 0.016816 3.29%
blockstack
Stacks (STX) $ 0.748764 6.64%
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,196.97 6.83%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 3,143.26 8.61%
sonic-3
Sonic (S) $ 0.339143 5.47%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 117,537.49 5.76%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
story-2
Story (IP) $ 3.62 13.48%
dogwifcoin
dogwifhat (WIF) $ 1.02 5.92%
Scroll to Top