Bitcoin’s Cycle Top Indicator Still Silent — Here’s Why Bulls Aren’t Sweating

Bitcoin's price action remains eerily calm as its cycle top finder—a key technical indicator—stays stubbornly inactive. No flashing signals, no panic sells... just the quiet hum of a market that knows Wall Street's 'predictive models' are about as reliable as a meme coin whitepaper.

The silence is deafening

While traditional markets obsess over Fed meetings and inflation prints, crypto's flagship asset continues its steady grind. No parabolic blow-off top, no desperate leverage liquidations—just organic accumulation that makes hedge fund managers twitch.

What the indicator's dormancy really means

History suggests Bitcoin doesn't peak until this metric screams sell. Right now? It's barely whispering. Either we're witnessing the mother of all bull traps (doubtful), or institutional adoption is quietly rewriting the rulebook on crypto cycles.

One thing's certain: when this sleeping giant finally wakes up, you'll smell the fear through your Bloomberg terminal. Until then? Keep stacking—and laugh at the 'stablecoin yields' your banker keeps pitching.

Bitcoin Cycle Top Metric Yet To Be Triggered 

In an X post, Bittel alluded to the ‘GMI bitcoin Cycle Top Finder’ to prove that this cycle is far from over. He noted that the indicator has correctly spotted four top signals in Bitcoin’s history, and they each corresponded to a top for the flagship crypto. However, this time around, the indicator shows that BTC is nowhere near a cycle top. 

His accompanying chart also suggested that Bitcoin still has a long way to go in this cycle before it reaches a cycle top. This is bullish for the flagship crypto as it indicates that it still has more than enough upside to break through its current all-time high (ATH) of $111,900. It is worth mentioning that Bittel’s post was in response to crypto analyst TechDev, who also confirmed that the cycle isn’t over. 

In an X post, TechDev revealed that a launch signal, not a top signal, has appeared for Bitcoin. He noted that there have been launch signals in BTC’s history, and each of them sent the flagship crypto on a parabolic run. This launch signal has again triggered, with a massive rally potentially on the horizon for the BTC price. 

Crypto analyst Rekt Capital also recently confirmed that the Bitcoin cycle top isn’t yet in. However, he warned that another bear market will happen at some point. He stated that people think BTC will never see another bear market because it is now mainstream and too mature an asset. He added that this bear market will likely occur again after this bull market. 

BTC to Still Reach $200k This Year

Asset manager Bitwise has maintained that the Bitcoin price can still reach $200,000 this year. They stated that they are holding firm to this prediction, as there is simply too much institutional demand for BTC to keep prices flat for long. This demand has occurred through the Bitcoin ETFs, which continue to record massive inflows. At the same time, several companies are adopting Strategy’s playbook of creating a BTC treasury. 

Standard Chartered has also predicted that the bitcoin price can reach $200,000 by year-end. The bank believes that ETF inflows and corporate demand for BTC will spark the rally to this target. They also alluded to Powell’s potential early exit and the passing of the stablecoin bill as other factors that could serve as catalysts for this rally. 

At the time of writing, the Bitcoin price is trading at around $108,265, down in the last 24 hours, according to data from CoinMarketCap.