Bitcoin continues to hold above $115,000, sparking interest among investors. Analysts like ฿LUE WHALΞ warn that price expectations of $300,000-$400,000 may be unrealistic.
Market Signal Analysis for Bitcoin
According to ฿LUE WHALΞ, every market cycle brings bold Bitcoin price predictions. Investors often toss around large numbers without sound reasoning. A wise strategy involves not holding out for a specific profit target but rather analyzing actual market signals.
Tools for Predicting Bitcoin's Peak
The analyst highlighted the significance of the Pi Cycle Top indicator, which employs two moving averages. By this tool, Bitcoin has not yet reached its peak, as there have been no crossings. He also refers to the Rainbow Chart, indicating Bitcoin is in the middle of its cycle and could rise one or two levels further, but not to extremes like $400,000.
Market Outlook and Trader Analysis
Another crucial indicator is the MVRV Z-score, which shows Bitcoin is not at maximum valuation yet. ฿LUE WHALΞ advises traders to focus on real-time indicators instead of waiting for influential investors' opinions. He believes peaks often emerge when everyday investors start buying.
The analysis suggests that Bitcoin has not yet reached its peak, but expectations of $400,000 are unlikely to be met. Traders are encouraged to focus on actual market data.
