Could Bitcoin’s Terminal Price Hint at Another All-Time High?

The Terminal Price indicator from Look Into Bitcoin suggests Bitcoin (BTC) may be a “sell” at $110,000 or higher as the crypto coin’s new bull cycle plays out.

Real time data analysis of the crypto market reveals that the crypto value may reach a six-figure top in November 2021, according to the sentiment analysis of the crypto platform.

The crypto stock market and the crypto policy may be impacted by this prediction, with the crypto coin’s top potentially being reached in May 2022.

BTC price to six figures next cycle?

As BTC price action reaches its highest levels in 18 months, investors are already projecting how high it could go in the coming months and years. After the next block subsidy halving in April 2024, some anticipate a peak of $130,000, with late 2025 being a popular deadline for the next cycle top.

Look Into Bitcoin creator Philip Swift has developed a method of estimating long-term BTC price peaks, known as Terminal Price, which is calculated from Bitcoin’s “Transferred Price” – a value derived by dividing “Coin Days Destroyed” (CDD) by the existing supply. CDD is a metric that measures how many dormant days are reset each time an amount of BTC moves on-chain, and is useful as a gauge of hodler intent and activity.

Terminal Price is used to determine when the crypto market is at its peak. Although not every all-time high reaches Terminal Price, BTC/USD did hit the trendline during its 2017 all-time and initial peak in April 2021. The current all-time high of $69,000 in November 2021, however, fell short.

Swift suggests that selling “near” Terminal Price would be a suitable crypto policy. Its bear market counterpart, “Balanced Price,” likewise signals useful market bottoms. As Terminal Price increases with time, $110,000 may ultimately end up a conservative crypto value target should the next all-time high occur only later in the next cycle.

Waiting on a Pi Cycle crossover

This week’s further analysis by Swift also pointed to the “Pi Cycle Top” indicator as providing reliable long-term highs for crypto coin today.

Pi uses two moving averages for its forecasts, and their crossover is what signals the next peak – though it only gives a few days’ notice.

“The Pi Cycle Top indicator caught many off-guard last cycle, including myself, by precisely pinpointing the top…again! Will it be able to do the same this cycle?” Swift asked.