Bitcoin Analysts Discuss Next Steps BTC Hits $75K Peak

After former US President Donald Trump was reelected as the 47th US president, bitcoin reached an all-time high of $75,358.

Its value has risen about 10% in the last day before a modest retracement, trading at $74,037 at the time of writing, down 1.1% from its high.

Famous cryptocurrency experts have discussed Bitcoin's future move after its significant price gain.

Has Bitcoin Peaked?

Famous X market analyst CryptoBullet focuses on Bitcoin's dominance index (BTC.D) and the TD Sequential technical indicator.

The analyst wrote on X, “Is BTC Dominance finally topping out? BTC.D is issuing its second 2W TD-9 Sell this cycle.” The TD Sequential detects trend reversals in technical analysis.

CryptoBullet says the current cycle is similar to prior years, when a second TD-9 signal frequently signals a major turnaround.

He noted trends from 2018, 2019, and 2021, indicating Bitcoin dominance may peak in 2024.

More Rally Space?

A second expert, Ali, cautioned market players about X. The TD Sequential on Bitcoin's four-hour chart flashed a sell signal, suggesting a decline to $72,000, Ali said.

He said that a prolonged closure over $75,400 might change this negative view and drive Bitcoin above $78,000.

If you're late to the bull party, the #Bitcoin $BTC 4-hour chart's TD Sequential recently flashed a sell signal, suggesting a fall to $72,000.


Using the MVRV ratio, CryptoQuant analyst MAC.D provided a larger view of Bitcoin's market cycle.

This on-chain statistic determines if Bitcoin is cheap or overpriced compared to its past prices. The MVRV ratio implies Bitcoin is not yet “overheating stage,” signaling additional upward potential, according to MAC.D.

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