BTC nine-finger cap chart update: price has not reached its peak, and there is still room for imagination in the "upper limit" of the bull market
CryptoChan2024/12/16 09:25
By:CryptoChan
According to the latest BTC nine-finger cap chart released by well-known analyst CryptoChan on the chain, the current Bitcoin price has not yet broken through any of the nine key pricing lines, and the market top is still far away.
The nine on-chain pricing lines point in turn to the potential bull market ceiling:
Curve-Fitted MVRV Price: $130,369
Std-Adjusted MVRV Price: $132,557
Fibonacci-Balanced Price: $136,469
Std-Adjusted STH-MVRV Price: $145,038
Tradable Realized Price: $155,843
Pow Top Price: $171,382
Curve-Fitted Median MVRV Price: $175,372
Thermocap Price: $188,045
Fibonacci-Terminal Price: $194,126
Looking back at historical bull markets:
The bull market tops in 2011, 2013, 2017, and 2021 were accompanied by BTC breaking through multiple pricing lines. Currently, BTC is still hovering below the pricing line, indicating that the bull market is far from reaching its limit.
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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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