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CryptoQuant Analyst: Bitcoin BPT Maintains Mild Level at 2.56, Caution Needed for Regular Pullback Risks in Rising Trend
Summary: CryptoQuant analyst Axel Adler Jr. tweeted that despite Bitcoin's price hitting a new all-time high, the BPT indicator remains at a mild level of 2.56, below the previous local high of 3.57. The Realized P&L Ratio is at an average level, indicating relatively lower risk compared to previous overheated periods. Technically, the price is above ...
CryptoQuant analyst Axel Adler Jr. tweeted that despite Bitcoin's price hitting a new all-time high, the BPT indicator remains at a mild level of 2.56, below the previous local high of 3.57. The Realized P&L Ratio is at an average level, indicating relatively lower risk compared to previous overheated periods. Technically, the price is above the 4-year moving average and its two standard deviations, confirming the continuation of the uptrend. The analyst warns of the regular pullback risks in the rising trend, with a BPT breakthrough of 3.0 possibly signaling the market entering a later stage.
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Link: CryptoQuant Analyst: Bitcoin BPT Maintains Mild Level at 2.56, Caution Needed for Regular Pullback Risks in Rising Trend [Copy]
