{"id":14035,"date":"2023-11-12T11:11:27","date_gmt":"2023-11-12T11:11:27","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14035"},"modified":"2023-11-12T11:11:28","modified_gmt":"2023-11-12T11:11:28","slug":"bitcoin-terminal-price-hints-next-btc-all-time-high-is-at-least-110k","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14035","title":{"rendered":"Bitcoin \u2018Terminal Price\u2019 hints next BTC all-time high is at least $110K"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) may next be a \u201csell\u201d at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.<\/p>\n<p>Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin\u2019s \u201cTerminal Price\u201d hinting at a possible six-figure top.<\/p>\n<h2>BTC price to six figures next cycle?<\/h2>\n<p>As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the coming months and even years.<\/p>\n<p>After the next block subsidy halving in April 2024, targets include $130,000, with late 2025 being a popular deadline for the next cycle top.<\/p>\n<p>Analyzing its Terminal Price, Look Into Bitcoin creator Philip Swift described its value as a \u201csimple\u201d method of estimating long-term BTC price peaks.<\/p>\n<p>Terminal Price is calculated from Bitcoin\u2019s so-called \u201cTransferred Price\u201d \u2014 a value derived by dividing \u201cCoin Days Destroyed\u201d (CDD) by the existing supply.<\/p>\n<p>CDD is a popular metric that measures how many dormant days are reset each time an amount of BTC moves on-chain. It is useful as a gauge of hodler intent and activity.<\/p>\n<p><em>Bitcoin Terminal Price and Balanced Price chart. Source: Look Into Bitcoin<\/em><\/p>\n<p>Created by Checkmate, lead on-chain analyst at data firm Glassnode, Terminal Price comes into play at the top of each BTC price cycle.<\/p>\n<p>Not every all-time high reaches Terminal Price, but BTC\/USD did hit the trendline during its 2017 all-time and initial peak in April 2021. The current all-time high of $69,000, seen in November of that year, fell short.<\/p>\n<p>Swift thus suggested that selling \u201cnear\u201d Terminal Price would be a suitable policy. Its bear market counterpart, \u201cBalanced Price,\u201d likewise signals useful market bottoms.<\/p>\n<p lang=\"en\" dir=\"ltr\">Buy near Balanced Price, sell near Terminal Price.<\/p>\n<p>Could it be that simple?#bitcoin cycles. pic.twitter.com\/llHytNVuxr<\/p>\n<p>\u2014 Philip Swift (@PositiveCrypto) November 10, 2023<\/p>\n<p>As Terminal Price increases with time, $110,000 may ultimately end up a conservative target should the next all-time high occur only later in the next cycle.<\/p>\n<h2>Waiting on a Pi Cycle crossover<\/h2>\n<p>In further analysis this week, Swift also highlighted the \u201cPi Cycle Top\u201d indicator as providing reliable long-term high estimates.<\/p>\n<p><strong><em>Related:\u00a0CME tops Bitcoin futures OI as \u2018real facts\u2019 drive institutional uptake<\/em><\/strong><\/p>\n<p>Pi uses two moving averages for its forecasts, with their crossovers heralding the next high \u2014 albeit with just days\u2019 notice.<\/p>\n<p>\u201cThe Pi Cycle Top indicator caught so many off-guard last cycle, including myself, by perfectly identifying the top&#8230;again! Will it identify the bitcoin top again this cycle?\u201d Swift queried.<\/p>\n<p><em>Bitcoin Pi Cycle Top annotated chart. Source: Philip Swift\/X<\/em><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-terminal-price-next-btc-all-time-high-at-least-110k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) may next be a \u201csell\u201d at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests. Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin\u2019s \u201cTerminal Price\u201d hinting at a possible six-figure top. BTC price to six figures next cycle? As BTC price action circles its highest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-14035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14035"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14035\/revisions"}],"predecessor-version":[{"id":14037,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14035\/revisions\/14037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14036"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}