Over the years, many indicators have emerged that could be predicted. Top Bitcoin and crypto markets. Recently, we have seen when 30 of these metrics tracked on the Coinglass website are triggered. Interestingly, none of these 30 metrics have been triggered, suggesting that the crypto market has yet to reach the top of the bull cycle and that more rallies could come.
30 indicators for predicting the top of the Bitcoin market
Bitcoin Bull Market Peak Indicator Tracking The Coinglass website helps to show that it’s a good time to get out of the market. Basically, you’re going to spend your time trying to sell at the top. All of these metrics have progressed over the last few years as prices have not been successful. The image below shows a complete list of indicators being tracked and their progress.
As you can see in the image above, there are actually some indicators that are progressing quite a bit, some already across 90% of the territory. But so far, none of these have been caused to show that the Bitcoin market is actually approaching the top of this bull market cycle.
What this suggests is that it is not time to start selling as the market could continue to gather. Therefore, for the time being, it may be a good time to continue holding Bitcoin and other things. To accurately mark the top of a Bitcoin Bull cycle, multiple of these long-term metrics must be triggered before calling the top.
The Altcoin season hasn’t started yet
Not only is none of the 30 metrics tracking the top of Bitcoin cycles triggered, but it also comes from the fact that the market hasn’t seen the Altcoin season yet. Historically, the season of Altcoin is part of each cycle, and its completion tends to be one of the possible cycle top markers.
So far, the Altcoin Season Index has yet to reach the 75 mark required to officially resume the Altcoin season. The 75 mark means that 75 of the top 100 altcoins by market capitalization exceed Bitcoin prices in 90 days.
However, despite recent gatherings, the Altcoin Season Index is still sitting below 40. Only 33 of the top 100 Altcoins, which have surpassed Bitcoin’s 13.66% increase in the last three months, have fallen below it, according to data from the CoinMarketCap website. Therefore, the market has not yet seen a proper Altcoin season in this cycle.
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