None of the 30 Bitcoin Bull Market Top Indicators Have Been Triggered

Summary: Despite a strong Bitcoin rally, none of the 30 widely followed bull market top indicators tracked by Coinglass have been triggered, suggesting the market may have further room to grow.

Background

Over the years, analysts have developed several on-chain and technical metrics to predict when the Bitcoin market reaches a peak. Currently, 30 such indicators are closely monitored on the Coinglass platform, offering insights into whether Bitcoin is approaching the climax of its bull cycle.

However, none of these indicators have been activated, indicating that it may still be premature to consider the current run-up as the market top.

The Bitcoin Bull Market Peak Indicators

The Coinglass platform maintains a list of 30 Bitcoin Bull Market Peak Indicators designed to help investors time potential exit points. These tools analyze historical data patterns, momentum shifts, and macro sentiment factors to forecast probable cycle highs.

While some of these indicators are over 90% of the way to being triggered, none have fully met the criteria marking a definitive bull market peak. This underscores the potential for further upside, as historically, multiple indicators are triggered simultaneously before a true market top is confirmed.

Market Implications

Given the absence of any triggered peaks, investor sentiment remains cautiously optimistic. Analysts suggest that the current cycle has not yet reached maturity, possibly signaling more gains ahead.

Investors may interpret the current data as a sign to remain positioned in Bitcoin and other major cryptocurrencies until multiple peak indicators signal in unison—a pattern seen in past market tops.

Altcoin Season Still Absent

The lack of signal triggers isn’t the only indicator that the cycle isn’t over. Another major sign is the absence of an altcoin season. Historically, Bitcoin cycle tops have been accompanied by a period during which altcoins outperform BTC.

The Altcoin Season Index, which designates this period once 75 of the top 100 coins outperform Bitcoin on a 90-day basis, remains below 40. Currently, only 33 altcoins have outpaced Bitcoin’s 13.66% gain over the last three months, according to CoinMarketCap data.

This reinforces the idea that the crypto market may not yet be in its final bull phase, with altcoins still lagging behind Bitcoin’s dominant performance.

Price Update

Bitcoin’s recent price action shows considerable strength, with the leading cryptocurrency posting double-digit gains over the last quarter. However, as key market signals remain untriggered and the altcoin market underperforms, many analysts believe the top is still to come.