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Market Data Reveals Bitcoin Not Anywhere Near Its Top, But Risk Factors Remain High
By Olivia Brooke – July 18, 2025
Bitcoin appears far from reaching its peak, despite growing speculation that the apex cryptocurrency has concluded its current bull cycle. New data, outlined by market experts, reveals the asset’s current position, along with potential risks associated with trading at this time.
Conversations about Bitcoin’s price have followed the crypto scene since Bitcoin bulls initiated a rally late last year. The incessant market turmoil has kept Bitcoin investors guessing, with each newly attained ATH fueling presumptions on whether or not Bitcoin has hit a local high. However, fresh data from on-chain analytics firm Glassnode has revealed that Bitcoin’s recent surge to $122,000 positioned the asset above the short-term holder cost basis—the average price at which short-term investors purchased their Bitcoin.
According to Glassnode’s analysis, Bitcoin is poised to reach $136,000, a key level that has historically signaled profit-taking and local market peaks.
Source: zycrypto.com
