Bitcoin may not have reached its cycle top yet, according to multiple leading analysts. Two key perspectives—one based on MVRV pricing bands and the other on historical halving trends—point to further upside potential before the current cycle concludes.
On-chain analyst Ali highlights a critical support zone at $102,044 based on Glassnode’s MVRV Extreme Deviation Pricing Bands.
If Bitcoin fails to hold this level, the next major mean reversion target sits near $82,570. While a breakdown is not confirmed, the MVRV model suggests that current price levels are stretched and increasingly vulnerable to a pullback.
Merlijn The Trader: The Blow-Off Top Is Still Coming
Meanwhile, Merlijn The Trader reminds market participants that Bitcoin’s cycle tops tend to arrive months after the hype peaks. In previous cycles (2017 and 2021), the final euphoric spike came late in the year following halvings.
With the most recent halving completed in 2024, he argues that 2025 is still in its early innings and the final parabolic rally could be ahead.
“Don’t let the market makers shake you out,” Merlijn warned, suggesting that the current consolidation is typical before a blow-off top.
Conclusion
While Bitcoin’s current levels show signs of hesitation, historical patterns and on-chain models imply the top has yet to form. Key levels to monitor include $102,000 on the downside and any breakout strength above the recent highs. Patience, according to analysts, remains the key as the 2025 cycle continues to unfold.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoins-true-peak-may-still-be-ahead-analysts-suggest/