Bitcoin (BTC) Has the Potential to Reach $230,000, Market Indicators: “All Lights Are Still Green!”

Jakarta, Pintu News – The latest data from CoinGlass shows that Bitcoin (BTC) still has significant upside potential. Despite having experienced a 30% rise in one quarter, all 30 key market indicators tracked by the platform are yet to show signs of a cyclical peak.

With projections showing that Bitcoin (BTC) could go up to $230,000, investors are advised to continue holding their assets. This analysis is supported by various tools such as the Pi Cycle Top Indicator, MVRV Z-Score, and 2-Year Moving Average Multiplier which are still far from the warning levels.

Market Indicators: All Lights Are Still Green

Currently, none of the 30 indicators tracked by CoinGlass indicate that the Bitcoin (BTC) market has peaked. The Ahr999 Bitcoin (BTC) Index, for example, is currently at 1.04, well below the reference value of 4 that signals a top. Meanwhile, the Pi Cycle Top Indicator is at 106,046, with a warning level above 165,000. The Puell Multiple, which measures miner behavior, is also still at 1.28, where the previous peak was above 2.2.

Also Read: Vietnam Officially Recognizes Bitcoin and Other Digital Assets!

Market Sentiment: Mixed Yet Optimistic

Although data from CoinGlass shows bullish potential, not all analysts agree. Some compare the current price behavior to the end of 2021, when Bitcoin (BTC) showed signs of weakness before experiencing a major decline. However, in contrast to 2021, institutional demand is currently more visible, and the market infrastructure has matured. Bitcoin (BTC) storage companies like Strategy now hold 580,250 Bitcoin (BTC), valued at around $60.37 billion, showing strong support from big players.

Projections and Investment Strategy

With most technical indicators still showing neutral or bullish signals, long-term investors are advised to keep holding their assets. Those watching the market continue to eye the next peak range between $135,000 to $230,000.

Despite concerns about price consolidation or a possible reversal, as hinted by John Bollinger, the net inflow into Bitcoin ETFs that reached $165 million shows continued confidence in Bitcoin (BTC).

Cover: A Golden Opportunity for Bitcoin (BTC) Investors

With all indicators still pointing to potential growth, it could be a good time for investors to maintain or even increase their Bitcoin (BTC) holdings. A significant rise is still very much possible, and with strong support from institutional players, the future of Bitcoin (BTC) looks bright.

Also Read: Ripple (XRP) Legal Case: Strong Arguments in Joint Motion Revealed!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News Flash. 30 Bitcoin Signals Point to $230K Peak. Accessed on June 16, 2025
• Featured Image: Generated by AI