How will a Bitcoin Price Temperature of 2.67 affect BTC’s future?
The post How will a Bitcoin Price Temperature of 2.67 affect BTC’s future? appeared on BitcoinEthereumNews.com.
Bitcoin’s price temperature rises to 2.64 points, approaching an overheated zone. Despite the rise in BPT, Bitcoin still has more room for growth before a correction. Over the past month, Bitcoin [BTC] has surged by 17.94% rising from a low of $83k to $111k. While the recent gains are a welcome development, some stakeholders are raising concerns over a potential overheating. One of them is CryptoQuant analyst Axel Adler, who has warned that Bitcoin is nearing an overheated zone. In his analysis, Adler observed that Bitcoin’s Price Temperature has risen to 2.67 points, suggesting that the king coin is approaching a potentially overheated zone. He added, “The previous two peaks of this cycle saw BPT reach 2.75 and 3.57.” Source: CryptoQuant On average, BTC temperatures have hit the overheated zone if BPT reaches 3.14. Currently, there are still 0.47 points before the market enters full overheated territory. Thus, BTC hasn’t reached the prior top levels yet, and still has some room for upside movement before reaching overheated levels. What BTC charts suggest While the analysis provided above offers a promising outlook, it’s essential to countercheck and determine what other charts suggest. For starters, looking at Bitcoin’s MVRV, it sat at around 2.4 at press time. Over the past month, it has hovered around 2.13 and 2.41. These levels are typically associated with a healthy market. Historically, Bitcoin has reached overheated when MVRV surpasses 3.0, with long-term holders starting to sell. With MVRV remaining below 2.5 and 3.0, it suggests that BTC still has more room for growth. Source: Bitbo This was further confirmed by Bitcoin’s NUPL. As of this writing, NUPL sat at 58% or 0.58, which is a belief/denial zone. So, BTC is yet to be overheated, since the NUPL has not hit 0.75. When NUPL enters an extreme…
Filed under: News - @ May 24, 2025 8:23 am