The Bitcoin Bull Market has a room for new BTC price records, per IBCI indicator.

Basic Points:

• The Index Bitcoin cycle indicators (IBCI) tool from the cryptoquant shows that the Bull Market has many rooms to run.

• The “neutral” readings come despite all the time high in BTC/USD, along with the market at a “point of meaning.”

• Bitcoin’s Puell of the multiple metric rotates with lows, unusual behavior for the hottest phase of the bull cycle.

Bitcoin (Btc) is due to a “new upward leg” as a BTC price tool with a decade long track record will remain bullish.

New data from the onchain analytics platform Cryptoquant The Index Bitcoin cycle indicators (IBCI) tool is shown to call for the continuation of the bull market.

Bitcoin price on the “Point of Definition”

Bitcoin is far from over when it comes to the current bull market, the latest reading of IBCI appears to confirm.

IBCI, which combines a variety of classic onchain indicators, including Puell Multiple and market value at the realized value (MVRV), remains well under the zone, which has traditionally corresponds to the top market tops.

“The recent update of Index Bitcoin cycle indicators (IBCI) shows a market at a point of sense,” Cryptoquant Gaah wrote in one of the “quicktake” blog posts on Tuesday.

Gaah described the data as signing a “continuation” of the bull market, which began at the start of 2023.

“After a strong upward movement between the end of 2023 and the first quarter of 2024 – when IBCI reached the distribution region (above 75%) – the indicator passed through a correction following the collapse of the BTC price,” the post continued.

“Currently, IBCI has established a 50% range, indicating a neutral point in the market cycle.”

The IBCI has held a 50% mark since BTC/USD broke the old $ 73,800 all-time highs in October 2024.

Unlike the destructive environment of acquiring income marked the event and the rest of the year, Gaah said the investor’s behavior is more mild, that it is potentially leaving the door open to new highs.

“Historically, balance zones like this occur between two decisive stages: the end of a realization movement and the start of a new upward leg,” he explained.

“The absence of severe euphoria and the gradual recovery of bitcoin prices suggest that the market is in a transitional stage – not fatigue.”

Historical data shows similar patterns playing with IBCI relative to long-term BTC price peaks.

An unusual bitcoin all-time high

As Cointelegraph continued to report, a wide range of market grounds’ points in Bitcoin returned to discovering the price in the future.

Related: $ 112k BTC is not ‘Bull Market Peak’: 5 things to know in Bitcoin this week

Among them is a list of 30 Measures of “Bull Market Peak”None of these exploded red despite BTC/USD of up to $ 112,000.

BTC price targets For the rest of the bull market includes $ 200,000 and higher.

In Separate multiple reviews In recent days, Gaah has dropped an unusual difference between revenues and miners.

“History, when Puell Multiple is below 1.0, we associate periods of accumulation or undervaluation where the price of Bitcoin has not reflected the full potential for long -term growth,” he wrote, with multiple at 1.27.

“Seeing this indicator at low levels during a new high time is rare, and it may be indicated that the market has not reached the entire euphoric stage. There is room for expansion, both in mining revenues and positive emotions in the market.”

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.