- The Max Intersect SMA Model indicates Bitcoin could reach $69,000, historically marking previous cycle peaks with precise timing and pattern alignment.
- Glassnode data shows dense Bitcoin support between $110K–$114K, reflecting significant market supply accumulation influencing potential price movement.
- Bitcoin’s current trading near $115,578 highlights market liquidity and interaction with supply zones, suggesting volatility could increase in upcoming weeks.
Bitcoin price is closely approaching a historically critical level as the Max Intersect SMA Model signals potential timing for a market peak. Analysts and traders are monitoring price movements amid strong historical accuracy of this model.
Max Intersect SMA Model Signals Cycle Peak
The Max Intersect SMA Model has accurately predicted every Bitcoin all-time high since 2011. It identifies precise dates and price levels where cycles typically peak. According to the latest observation, the model currently sits around $58,170.
A critical level of $69,000 is noted within the model. Historically, once Bitcoin reaches this intersection, the market has consistently marked the cycle top soon after. Traders are watching this level closely, considering its repeated historical performance.
BitBull tweeted, “The chart that has predicted every Bitcoin cycle top is flashing again. This model has called every ATH to the exact day.” This reflects the growing attention among market participants as Bitcoin approaches the intersection point.
Price movements near this level often trigger heightened volatility. Past cycles show that once the signal is triggered, rapid price swings typically follow. Analysts suggest this phase may indicate the final weeks before a cycle top.
Bitcoin Market Price and Cost Basis Analysis
Bitcoin is trading at $115,578, showing minimal decline over the past 24 hours and a 4.14% increase in the last seven days. Trading volume for the 24-hour period is approximately $25.56 billion, reflecting active market participation.
Glassnode reported, “Bitcoin’s cost basis distribution shows dense support around $110k–$114k. The next supply zone is near $117k, which may act as resistance.” This suggests that current trading levels are supported by significant historical purchases.
The dense support levels indicate that many holders acquired Bitcoin near current price ranges. This concentration of cost basis may influence price stability during volatile periods. Market participants often watch these zones to identify potential resistance or consolidation points.
Overall, Bitcoin’s approach toward historically significant levels aligns with both model-based signals and market-based support zones. Traders are observing price behavior closely as the market may enter a phase of elevated volatility. The combination of the Max Intersect SMA Model and cost basis distribution provides a data-driven perspective on potential near-term price movements.
