This is what the crypto market will look like when the price of BTC surpasses this cycle: Sentiment

Bitcoin (BTC) continues to hit new all-time highs daily, and crypto investors are wondering which price level will be the next victim of the cryptocurrency’s bullish momentum. While market participants speculate on what price would be bitcoin’s final destination for this bull run, analysts have outlined conditions for the chain to watch out for going forward.

A report from market intelligence platform Santiment insists that it is more important to focus on what the market will look like when BTC overcomes this bullish cycle than to keep speculating on how high the value of the digital asset can go.

Market Sentiment When BTC Peaks

Santiment said that one could determine the state of the market when BTC peaks by evaluating the actions of smaller BTC holders and how much profit they are currently making amid rising asset prices. According to the market intelligence firm, examining current market sentiment is essential to gain future insights.

“The market and its analysis can be approached in several ways, often complementary to each other. Techniques include technical analysis, sentiment analysis, and chain analysis to name a few. Below, we have selected an approach that is both comprehensive and relatively simple to understand. We have also had success using these metrics to estimate and predict previous BTC highs,” Santiment added.

Since the behavior of smaller BTC owners (investors who hold between 0.01 and 1 BTC) indicates whether retail traders are joining the rally, profit-taking patterns show whether these investors are slowing down in the realization of its benefits. Profit-taking patterns indicate retail greed and fear of missing out (FOMO), which often precede market highs.

Profit taking is healthy for now

Per Santiment’s analysis, retail activity and profit-taking had not fully materialized by November 13. On-chain data shows that retail investors began to decrease their BTC balances in mid-October when this recovery began.

On the other hand, Santiment analysts found a healthy profit-taking pattern, showing spikes correlated with each increase in bitcoin’s price. When bitcoin reaches a market peak this season, analysts expect to witness a pattern seen earlier this year, when BTC hit a previous all-time high of $73,000 in March.

Meanwhile, it may take some time before BTC can record a high in this cycle as several analysts believe the leading crypto asset could rally to $150,000, while others claim the bull market would extend into October 2025

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