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.