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Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst


by Sujha Sundararajan
for Cryptonews
Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst

A CryptoQuant analyst has recently tweeted that Bitcoin has not yet reached its peak range. The ‘Peak Signal,’ which typically appears at major market tops, hasn’t been observed this time, he added.

‘Peak signal’ refers to the metric indicators that say the market is overheated and a corrective phase is approaching.

Analyst AxelAdlerJr said in a thread that Peak Signal appears when “the combined normalized Market to Realized Price Index and 30 day/ 365 day Value Days Destroyed ratio score reaches or exceeds 1.”

The world’s largest crypto rallied past $122,000 on Monday, driven by renewed institutional interest, and favourable policy. However, it retracted and is now trading at $118,231 at press time.

Alexander Zahnd, interim CEO of Zilliqa, calls it a signal that crypto has entered a new phase, where “institutional confidence is driving consistent demand.” He emphasized the quality of the rally this time.

“It’s spot-driven, not built on leverage, and it’s unfolding in a relatively calm market,” he told Cryptonews. “That points to a more mature and resilient structure compared to previous cycles.”

Bitcoin Could Eventually Hit $130K if Momentum Holds

According to Zahnd, Bitcoin’s next bullish key level could be $123,200, with room to push toward $126,500 and eventually $130,000, provided, momentum holds.

However, on the downside, BTC would plunge toward $115,000 or $112,000, which could “still be healthy in the broader trend,” he added.

“At a macro level, concerns about rising debt, persistent inflation, and uncertainty in monetary policy are all reinforcing the idea of Bitcoin as a long-term store of value. That dynamic isn’t going away anytime soon.”

Only Broader Institutional Participation Can Propel BTC to $150K Swiftly

Andrejs Balans, risk manager of EU-based fintech platform YouHodler, said that inflows alone will not help propel Bitcoin to $150,000 swiftly.

A broader shift in institutional sentiment could be a major catalyst to drive BTC prices up, Balans told Cryptonews.

Though institutional exposure has increased through ETFs and custody services, senior banking executives have reiterated their cautious stance, describing crypto as an area of interest but not yet a strategic priority.

“Without a broad shift in institutional sentiment, it is unlikely that inflows alone will propel Bitcoin to $150,000 swiftly.”

The post Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst appeared first on Cryptonews.

Read the article at Cryptonews

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Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst


by Sujha Sundararajan
for Cryptonews
Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst

A CryptoQuant analyst has recently tweeted that Bitcoin has not yet reached its peak range. The ‘Peak Signal,’ which typically appears at major market tops, hasn’t been observed this time, he added.

‘Peak signal’ refers to the metric indicators that say the market is overheated and a corrective phase is approaching.

Analyst AxelAdlerJr said in a thread that Peak Signal appears when “the combined normalized Market to Realized Price Index and 30 day/ 365 day Value Days Destroyed ratio score reaches or exceeds 1.”

The world’s largest crypto rallied past $122,000 on Monday, driven by renewed institutional interest, and favourable policy. However, it retracted and is now trading at $118,231 at press time.

Alexander Zahnd, interim CEO of Zilliqa, calls it a signal that crypto has entered a new phase, where “institutional confidence is driving consistent demand.” He emphasized the quality of the rally this time.

“It’s spot-driven, not built on leverage, and it’s unfolding in a relatively calm market,” he told Cryptonews. “That points to a more mature and resilient structure compared to previous cycles.”

Bitcoin Could Eventually Hit $130K if Momentum Holds

According to Zahnd, Bitcoin’s next bullish key level could be $123,200, with room to push toward $126,500 and eventually $130,000, provided, momentum holds.

However, on the downside, BTC would plunge toward $115,000 or $112,000, which could “still be healthy in the broader trend,” he added.

“At a macro level, concerns about rising debt, persistent inflation, and uncertainty in monetary policy are all reinforcing the idea of Bitcoin as a long-term store of value. That dynamic isn’t going away anytime soon.”

Only Broader Institutional Participation Can Propel BTC to $150K Swiftly

Andrejs Balans, risk manager of EU-based fintech platform YouHodler, said that inflows alone will not help propel Bitcoin to $150,000 swiftly.

A broader shift in institutional sentiment could be a major catalyst to drive BTC prices up, Balans told Cryptonews.

Though institutional exposure has increased through ETFs and custody services, senior banking executives have reiterated their cautious stance, describing crypto as an area of interest but not yet a strategic priority.

“Without a broad shift in institutional sentiment, it is unlikely that inflows alone will propel Bitcoin to $150,000 swiftly.”

The post Bitcoin ‘Peak Signal’ Not in Yet, Rally May Continue: CryptoQuant Analyst appeared first on Cryptonews.

Read the article at Cryptonews

Read More

Bitcoin (BTC) November Rally At Risk? Analysts Say This Week’s Close Holds The Key

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Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoi...
China’s $47T liquidity surge could be Bitcoin’s secret weapon! Here’s why

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With less borrowing and more stablecoins, changing money flows could shape Bitcoin’s ...