💰 Is Bitcoin Price Top At $146,000? 🚀 Here’s Why CryptoQuant Thinks So

💰 Bitcoin’s Journey to $146,000: Is the Market Top Near?
The Bitcoin rally towards $100,000 cooled off last week as BTC slipped below $93,000. However, it rebounded, climbing to $98,500 on November 29. Investors are now questioning if the market cycle top is approaching or if more growth lies ahead.

📊 CryptoQuant’s Six-Figure Projection
CryptoQuant’s latest analysis suggests the Bitcoin price top in this cycle could hit $146,000. This prediction is based on the realized price valuation metric, historically a reliable market top indicator. The current realized price band around $147,000 mirrors levels last seen during the 2021 peak.

📈 New Investors Not Yet at Extreme Levels
Data shows new investors hold slightly over 50% of the total BTC value, far below the 90% and 80% seen at previous cycle tops in 2017 and 2021. Retail trading activity also remains subdued, another key factor traditionally signaling Bitcoin price peaks.

⚠️ Short-Term Pullback Expected
CryptoQuant warns of a potential short-term Bitcoin price correction. This expectation aligns with MicroStrategy’s stock showing signs of overheating relative to its Bitcoin holdings, which could impact market sentiment.

🚀 Bitcoin’s Current Position
BTC is trading around $96,500, up 3% in the last 24 hours but still down over 2% on the week. Despite the recovery, the market leader’s path to $146,000 might involve periods of volatility before reaching a potential cycle top.