Was $124K the Top? Bitcoin Signals Say No

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Bitcoin’s pullback is flushing out weaker hands, while resilient holders remain focused on the $150,000 technical analysis target in play.

Bitcoin’s $124,500 high is unlikely to be the cycle top, with all 30 peak indicators still neutral.

Recent losses show new investors capitulating as seasoned holders are unfazed.

Holding above the 20-week EMA keeps Bitcoin’s path open toward $150,000.

Bitcoin’s retreat from its record highs is fueling concerns over whether the market has already peaked for 2025. But the so-called “$124K top” is nothing but “noise,” according to analyst Merlijn The Trader.

30/30 indicators hint Bitcoin has more room to rise
In a Tuesday post, Merlijn stressed that none of Bitcoin’s 30 widely followed peak indicators have flashed red so far.

Our team of experts diligently examines the markets every day to pinpoint the best trading prospects.

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