Bitcoin Top and Bottom Indicator Check in (Patreon)

Per the current TABI model reading, we're still in the yellow zone, indicating a neutral phase in the Bitcoin market cycle. Encouragingly, momentum is building, and we're gradually approaching the orange zone, which typically signals market heating up ie getting toppy.

The last time Bitcoin entered the orange zone, its price was $67,000. Today, Bitcoin stands at a robust $103,000, yet the model still indicates a yellow reading. Despite the significant price increase, the on chain indicators are not overheating in other words we have not yet reached peak levels.

We still have the orange, dark orange and red zone to hit —which historically represent overextended market conditions and the euphoric phases.