The post Bitcoin bull market has room for new BTC price record highs, per the IBCI indicator. appeared on BitcoinEthereumNews.com.

Key points: The Index Bitcoin Cycle Indicators (IBCI) tool from CryptoQuant shows that the bull market has plenty of room to run. “Neutral” readings come despite all-time highs on BTC/USD, with the market at a “point of definition.” Bitcoin’s Puell Multiple metric is circling lows, unusual behavior for the hottest phase of the bull cycle. Bitcoin (BTC) is due a “new upward leg” as a BTC price tool with a decade-long track record stays bullish. New data from onchain analytics platform CryptoQuant shows the Index Bitcoin Cycle Indicators (IBCI) tool calling for bull market continuation. Bitcoin price at “point of definition” Bitcoin is far from done when it comes to its current bull market, the latest IBCI readings appear to confirm. IBCI, which combines various classic onchain indicators, including the Puell Multiple and Market Value to Realized Value (MVRV), remains well below the zone, which traditionally corresponds to bull market tops. “The recent update of the Index Bitcoin Cycle Indicators (IBCI) shows a market at a point of definition,” CryptoQuant contributor Gaah wrote in one of its “Quicktake” blog posts on Tuesday. Gaah described the data as signaling a “continuation” of the bull market, which began at the start of 2023. “After the strong upward movement between the end of 2023 and the first quarter of 2024 — when the IBCI reached the distribution region (above 75%) — the indicator went through a correction following the fall in the price of BTC,” the post continued. “Currently, IBCI has stabilized in the 50% range, indicating a neutral point in the market cycle.” Bitcoin IBCI chart (screenshot). Source: CryptoQuant IBCI has held the 50% mark since BTC/USD broke through old $73,800 all-time highs in October 2024. Unlike the frenzied profit-taking environment that marked the event and the rest of the year, Gaah…

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Filed under: News - @ June 17, 2025 2:31 pm