Bitcoin’s Fever Pitch: What a 2.67 Price Temperature Means for the Crypto King

Bitcoin’s price temperature hits 2.67—bullish signal or overheated hype? Here’s what the metric really means for BTC’s trajectory.

Decoding the heat index: A 2.67 reading suggests Bitcoin’s trading in warm-but-not-scorching territory. Historically, these levels precede both explosive rallies and painful corrections.

Market mechanics at play: This temperature reading coincides with institutional FOMO and retail traders piling in—because nothing fuels a bubble like Wall Street money chasing 100x memecoins.

The contrarian view: Some analysts warn this could signal short-term overheating, while crypto maximalists see it as mere warm-up before the real surge. Place your bets accordingly.

One thing’s certain: Whether this temperature reading forecasts sunshine or storms, Bitcoin continues to defy traditional finance logic—much to the dismay of bankers still waiting for its ’imminent collapse’ since 2010.

Source: CryptoQuant

On average, BTC temperatures have hit the overheated zone if BPT reaches 3.14. Currently, there are still 0.47 points before the market enters full overheated territory.

Thus, BTC hasn’t reached the prior top levels yet, and still has some room for upside movement before reaching overheated levels.

What BTC charts suggest

While the analysis provided above offers a promising outlook, it’s essential to countercheck and determine what other charts suggest.

For starters, looking at Bitcoin’s MVRV, it sat at around 2.4 at press time. Over the past month, it has hovered around 2.13 and 2.41. These levels are typically associated with a healthy market.

Historically, Bitcoin has reached overheated when MVRV surpasses 3.0, with long-term holders starting to sell. With MVRV remaining below 2.5 and 3.0, it suggests that BTC still has more room for growth.

Source: Bitbo

This was further confirmed by Bitcoin’s NUPL. As of this writing, NUPL sat at 58% or 0.58, which is a belief/denial zone. So, BTC is yet to be overheated, since the NUPL has not hit 0.75.

When NUPL enters an extreme euphoria zone, it leads to profit-taking, as holders start to worry about potential correction.

Source: Bitbo

Finally, looking at Bitcoin’s Pi cycle top, BTC is far from overheated. Notably, BTC enters an overheated zone when 111 Day SMA crosses above 2x 350 Day SMA. This has not happened over the past four years.

The last crossover was recorded in 2021.

At press time, the 350 x2 SMA sat at around $160k, while 111 DSMA was at $91k. Thus, there was still more room for more growth until the two lines meet.

Source: Bitbo

Simply put, although Bitcoin’s Price Temperature has spiked to NEAR overheated, there’s still more room for growth. Inasmuch, other market indicators indicate BTC could continue the rally.

A continuation of the current uptrend could see BTC hit $120k. However, if correction emerges here as some holders turn to profit realization, BTC could retrace to $106k.