Bitcoin 
$111,887.98‘s recent rise and then rinsing the question of whether the summit has been reached in the crypto currency market raised the agenda. However, in -blockchain indicators show that global liquidity conditions and technical data still have the upward potential of the market.
The latest situation in the Blockchain indicators
During the summit periods in 2017 and 2021, Bitcoin’s intense individual interest and overheated in the price rise Blockchain Data accompanied. Axel Bitblaze X The indicators compiled from the account with current numbers show that these conditions have not yet been formed in the market. Altcoin Season Index It is 65 and this threshold is well below the levels of over 90 before the past peaks.
Measure Bitcoin’s long -term investor confidence Reserve Risk The indicator remains at 0.0023. MVRV Z-SCORE It is far from the range of 7–9 at the level of 2.1 and at the previous peaks. Pi cycle ball The indicator is not yet on the alarm threshold.
All these blockchain indicators reveal that the inside of the blockchain in Bitcoin has not yet given the summit sign.
What do the technical indicators say?
There is no table that points to the summit on the technical side. Bitcoin’s market share He lost a three -year rise trend and signaled a decline for the first time since 2021. Especially in this development in the market altcoin‘s can gain strength.
The ETH/BTC parity broke the Gaussian channel for the first time in five years. Altcoin marketIn the Others/ETH parity, the historical bottom levels. At these levels, the bottom thresholds of these levels were seen in the past March 2020, November 2022 and April this year, and then there were strong rise.
With the in -blockchain indicators, technical indicators reveal that the market has not yet reached an extremely enthusiastic level.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
