Analyst: Bitcoin Shows No Clear Signs of "Overheating" Yet, Current Main Risk is a Normal Pullback

BlockBeats News, August 14, CryptoQuant analyst Axel Adler Jr posted that despite Bitcoin hitting a new all-time high, the Bitcoin Price Temperature (BPT) remains at a moderately high level of 2.56 (below the local peak of 3.57). This indicates that the current cycle is in the "warm" range but has not shown significant signs of overheating yet. The price is holding above the four-year moving average and its +2σ, confirming a bullish trend.

The main risk is a normal pullback in the uptrend, and the "endgame" signal will appear when BPT accelerates above 3.0.