An unusual Bitcoin all-time high As Cointelegraph

An unusual Bitcoin all-time high

As Cointelegraph continues to report, an increasingly extensive range of market yardsticks points to Bitcoin returning to price discovery in the future

Among them is a list of 30 “bull market peak” metrics, none of which have flashed red despite BTC/USD reaching $112,000.

BTC price targets for the remainder of the bull market include $200,000 and higher.

In separate Puell Multiple analysis in recent days, Gaah flagged an unusual disparity between price and miner revenues.

“Historically, when Puell Multiple is below 1.0, we associate periods of accumulation or undervaluation where the price of Bitcoin does not yet reflect the full potential for long-term growth,” he wrote, with the Multiple at 1.27.

“Seeing this indicator at such low levels during a new all-time high is rare, and may indicate that the market has not yet reached its full euphoric phase. There is room for expansion, both in mining revenues and in positive market sentiment.”