Bitcoin investors are advised to hold despite recent all-time highs amid signals that the bull market remains intact, according to a comprehensive set of 30 bullish indicators.

Bull Market Indicators Signal No Peak Yet for Bitcoin

Despite Bitcoin hitting new all-time highs, market participants should “hold 100%” at current prices, according to a list of 30 “bull market peak” indicators compiled by CoinGlass.

CoinGlass categorizes Bitcoin as a “hold 100%” asset based on cues from these top indicators. Not one of the 30 signals has indicated a long-term top so far, suggesting the bull market remains.

Strength and Predictions

TradingView popularizer Cas Abbe commented on the “persistent bullishness” displayed by three key indicators — the Pi Cycle Top, Market Value to Realized Value (MVRV), and long-term Relative Strength Index (RSI). Based on these models, $BTC could reach between $135,000 and $230,000 this cycle.

This analysis builds upon earlier CoinTelegraph coverage which tracked similar indicators (Pi Cycle Top and MVRV) in March.

Comparisons with Past

However, market participants remain divided. Following three rejections from resistance zones near recent tops — viewed through a Bollinger Bands lens — concerns are emerging.

Bands creator John Bollinger recently warned that the BTC price uptrend may give way to consolidation or reversal.

Popular trader Roman further compared current market conditions to the period leading into Bitcoin’s last bear market, noting price “choppiness” and what he described as “distributive” selling pressure.

“Notice how price can barely push higher without coming down – bigger players selling into pumps.”

This perspective contrasts with the optimistic view that institutional adoption and a more mature market environment support the current bull run.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.