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Bitcoin Market Top

Definition

A Bitcoin market top signifies the highest price point Bitcoin reaches before a significant downward price correction. This term denotes a peak in Bitcoin’s price cycle, often followed by a sustained period of price decline, commonly known as a bear market. Identifying a market top involves analyzing various on-chain and off-chain metrics, investor sentiment, and macroeconomic factors. It represents a point of maximum euphoria or overvaluation before a reversal in market trajectory.