Despite Bitcoin trading just shy of its all-time high, analysts at Swissblock believe the crypto market’s top asset still has significant room to run.
Currently priced around $117,589, Bitcoin appears stable — and that’s a good thing, according to the firm.
Swissblock highlights that macroeconomic risk remains unusually low, calling it a “rare and historically bullish” backdrop for Bitcoin. Rather than signs of exhaustion, the firm sees the market’s lack of aggressive buying as a signal that traders are simply holding off for volatility to return.
Using the Short-Term Holder Cost Basis Model, Swissblock estimates Bitcoin could climb roughly 17% from current levels before newer investors begin feeling pressure. The key level to watch is around $138,000 — the point at which profit-taking might turn into broader selling.
Importantly, Swissblock doesn’t see the current consolidation as the end of Bitcoin’s bull cycle. While altcoins have shown stronger recent gains, Bitcoin continues to play a stabilizing role — a sign that the broader uptrend is still intact.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/bitcoin-rally-isnt-over-yet-analysts-say-138k-could-be-next-target/