BREAKING
209d 3h ago

Bitcoin Peak Signal Absent, Suggesting Market Top Not Yet Reached – CryptoQuant Analyst Axel

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

On July 16, CryptoQuant analyst AXEL highlighted on Twitter that the “Peak Signal”, a key indicator historically observed at significant market tops, has not been triggered. This absence suggests that Bitcoin has yet to enter its peak valuation phase, implying potential room for further price appreciation. The Peak Signal serves as a critical metric for investors seeking to identify market cycles and optimize entry and exit points. AXEL’s analysis reinforces the importance of data-driven insights in navigating the volatile cryptocurrency landscape, emphasizing that current market conditions do not reflect an imminent top. This perspective provides traders and institutional investors with a grounded framework for assessing Bitcoin’s trajectory without relying on speculative forecasts.

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