Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

Bitcoin (BTC) might next be a “sell” at least $110,000 as its new bull cycle plays out, a traditional on-chain indication suggests.Data from on-chain analytics platform Look Into Bitcoin shows Bitcoins “Terminal Price” hinting at a possible six-figure top.BTC rate to 6 figures next cycle?As BTC price action circles its greatest levels in 18 months, forecasters are currently thinking about how high it could go in the coming months and even years.After the next block subsidy halving in April 2024, targets consist of $130,000, with late 2025 being a popular due date for the next cycle top.Analyzing its Terminal Price, Look Into Bitcoin developer Philip Swift explained its value as a “basic” method of estimating long-term BTC cost peaks.Terminal Price is computed from Bitcoins so-called “Transferred Price”– a value obtained by dividing “Coin Days Destroyed” (CDD) by the existing supply.CDD is a popular metric that determines how numerous dormant days are reset each time a quantity of BTC moves on-chain. Source: Look Into BitcoinCreated by Checkmate, lead on-chain expert at data company Glassnode, Terminal Price comes into play at the top of each BTC price cycle.Not every all-time high reaches Terminal Price, but BTC/USD did strike the trendline during its 2017 all-time and initial peak in April 2021. Its bear market counterpart, “Balanced Price,” also signifies useful market bottoms.Buy near Balanced Price, sell near Terminal Price.Could it be that simple?

As Terminal Price increases with time, $110,000 might ultimately end up a conservative target must the next all-time high occur just later on in the next cycle.Waiting on a Pi Cycle crossoverIn further analysis today, Swift likewise highlighted the “Pi Cycle Top” indication as providing reliable long-lasting high estimates.Related: CME tops Bitcoin futures OI as real truths drive institutional uptakePi uses 2 moving averages for its projections, with their crossovers declaring the next high– albeit with just days notification.”The Pi Cycle Top indication caught so lots of off-guard last cycle, including myself, by perfectly recognizing the top … again! Will it identify the bitcoin top again this cycle?” Swift queried.Bitcoin Pi Cycle Top annotated chart. Source: Philip Swift/XThis article does not consist of investment recommendations or recommendations. Every investment and trading move involves danger, and readers ought to perform their own research when deciding.

Other Questions People Ask

What does Bitcoin ‘Terminal Price’ indicate about the next BTC all-time high of at least $110K?

The Bitcoin ‘Terminal Price’ serves as a crucial metric for estimating potential price peaks in the BTC market. According to data from Look Into Bitcoin, this indicator suggests that the next all-time high could be at least $110,000 as the new bull cycle unfolds. By analyzing the "Transferred Price" and "Coin Days Destroyed," investors can gauge long-term price movements and set realistic targets for future gains.

How is the Bitcoin ‘Terminal Price’ calculated and what does it mean for future price predictions?

The Bitcoin ‘Terminal Price’ is calculated by dividing the "Coin Days Destroyed" (CDD) by the current supply of BTC, providing a foundational approach to estimating price peaks. This metric has historically aligned with significant market tops, including the all-time highs in 2017 and April 2021. As the Terminal Price continues to rise over time, it suggests that a target of $110,000 may be conservative for the upcoming cycle.

What role does the Pi Cycle Top play in predicting Bitcoin’s next all-time high?

The Pi Cycle Top is another important indicator that can help forecast Bitcoin's price movements, particularly in identifying potential peaks. It utilizes two moving averages to signal when a price top may occur, often providing only a few days' notice. Philip Swift highlights that this indicator successfully identified previous tops, raising questions about its reliability for predicting the next all-time high in the current cycle.

Why should investors consider the Bitcoin ‘Terminal Price’ when planning their trading strategies?

Investors should consider the Bitcoin ‘Terminal Price’ as it provides a framework for making informed trading decisions based on historical data and market trends. By understanding when to buy near the "Balanced Price" and sell near the "Terminal Price," traders can optimize their investment strategies. With projections indicating a potential all-time high of at least $110,000, this metric can guide timing and risk management in trading activities.

What implications does the Bitcoin ‘Terminal Price’ have for long-term investors?

The Bitcoin ‘Terminal Price’ has significant implications for long-term investors as it offers insights into potential future price peaks. With forecasts suggesting that BTC could reach at least $110,000 in the next cycle, understanding this metric can help investors make strategic decisions about holding or selling their assets. As the market evolves, keeping an eye on the Terminal Price can aid in navigating volatility and maximizing returns.