Bitcoin Bull Run Signals Point to Potential $230K Peak

30 Key Metrics Suggest Bitcoin Rally Has Room to Run

Despite Bitcoin's recent all-time highs, a comprehensive analysis of 30 market indicators suggests the cryptocurrency may still have significant upside potential. CoinGlass data reveals none of these traditional bull market peak signals have been triggered, with price projections ranging from $135,000 to $230,000 for the current cycle.

Hold Versus Sell Debate Intensifies

Market analysts remain divided on Bitcoin's near-term trajectory. While some point to strong institutional demand and mature market conditions supporting continued growth, others warn of potential parallels to late 2021's market top. ——The current price action shows signs of distribution rather than accumulation—— noted trader Roman in recent analysis.

Key Indicators to Watch

Three critical metrics drawing attention: • Pi Cycle Top indicator • Market Value to Realized Value (MVRV) ratio • Long-term Relative Strength Index (RSI) These tools historically signaled previous market peaks but currently show no signs of overheating. 【CoinGlass maintains a "hold 100%" recommendation】 based on this data.

Technical Analysis Presents Mixed Signals

Bollinger Bands creator John Bollinger recently cautioned about potential trend reversal risks after Bitcoin faced multiple rejections at key resistance levels. This comes as BTC shows 【30% quarterly gains】 despite ongoing volatility. Interestingly, the cryptocurrency has demonstrated remarkable resilience since rebounding from April lows below $75,000.

Institutional Demand Changes the Game

Unlike previous cycles, substantial institutional investment through Bitcoin ETFs and corporate treasuries now supports the market. ——This structural difference makes direct comparisons to 2021 problematic—— analysts argue, pointing to growing mainstream adoption and regulated investment vehicles.

What Comes Next?

Market participants await clearer signals as Bitcoin consolidates near current levels. While short-term uncertainty persists, the weight of on-chain metrics continues to favor long-term holders. As of press time, Bitcoin maintains position above key psychological support levels, with trading volumes showing steady institutional participation.