CryptoQuant Analyst: Bitcoin BPT Remains at a Moderately High Level of 2.56, No Clear Signs of Overheating Yet
Foresight News reports that CryptoQuant analyst Axel Adler Jr tweeted, "Although Bitcoin has reached a new all-time high, the BPT remains at a moderately high level of 2.56 (below the local peak of 3.57). This suggests that, for the current cycle, the market is warm but there are no clear signs of overheating yet. The price remains above the 4-year moving average and its +2σ (green), confirming the bullish trend. The main risk is a typical correction within the uptrend, with a late-stage signal likely to appear when the BPT accelerates past 3.0."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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