The Bitcoin price peaked just above $126,000 in October 2026 and has fallen more than 40% since then. This move has since pushed the cryptocurrency’s price below the $70,000 level several times, marking a possible entry into the bear market. However, what is interesting about this step is the fact that none of the thirty indicators previously used to predict the future The Bitcoin market has reached its peak.
Bitcoin Bull Market Peak Indicators Remain Untriggered
On the Mint Glass websiteThere is a collection of 30 Bitcoin Bull Market Peak Indicators that track where the cryptocurrency is in the cycle. The process of these indicators is then used to map out the probability of whether the Bitcoin price has already reached its peak or not.
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According to the website, despite the Bitcoin price drop, not even one of these indicators has actually been affected so far. Some indicators are further advanced than others, with Bitcoin Long Term Holder Supply more than 91% of the way to its peak. However, the indicator is still not activated. Long-term holders have trimmed their supply, but they still hold enough BTC to show they expect higher prices.
Another interesting thing is that Bitcoin dominance has not yet peaked. The indicator shows that this alone is 89.8%, but with a dominance of over 65%, Bitcoin still has good control over the market. This is reflected in the Altcoin Season Index, as the market does not yet have a true altcoin season, which often happens towards the end of a bull market.
All 30 indicators have advanced to varying degrees, but with none having reached yet, the Buy-Sell indicator continues to suggest that this is a time to hold rather than sell.
Why is the BTC price crashing?
So far, Bitcoin seems to have deviated from the traditional indicators and is starting to respond more and more to macroeconomic factors. This is no surprise given companies’ access to digital assets, not only through direct purchases, but also through massive exposure to institutional players Products traded on the spot exchange.
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The most recent development to negatively impact the Bitcoin price is the burgeoning war between the US and Iran as the fight for oil continues. Bitcoin has managed to recover from the previous crashes. But with feeling still firmly in Extreme Fear territoryit may take a while before the market sees another major rally compared to 2024-2025.
Featured image of Dall.E, chart from TradingView.com