Perhaps one of the most optimistic Bitcoin bull peak predictions currently ($210k+)

The median often better represents the general situation compared to the average, as reflected in the profit rate; the current median profit rate should be lower than the average profit rate; during the bull peak, the median profit rate should be higher than the average profit rate.

On-chain data's MVRV can reflect the average profit rate; Median MVRV can reflect the median profit rate.

Fitting the median MVRV to a bull peak-bear bottom function, based on the fitting function, a newly developed oscillation indicator divides the Median MVRV into 6 ranges from 0 - 100.

Currently, the score of this oscillation indicator is 46.8, still in the skeptical range. The bull peak price calculated solely based on the current score is: 9.9w / 46.8% = $210k+

Note: In some cases, when the price fluctuates upward while the on-chain BTC is fully traded, MVRV can fluctuate sideways without increasing.

In simpler terms: As time goes on, Bitcoin's bull peak prediction will only get higher, $210k is just the starting point.