Bitcoin Has Not Yet Reached Its Peak: Key Price Levels Highlighted by Analysts
July 17, 2025 — By Tivan
Despite Bitcoin (BTC) reaching a new all-time high of $122,000 earlier this week, market analysts suggest that the cryptocurrency’s price has not yet reached its peak. On-chain data indicates that the market conditions are not overheated, leaving room for a continued upward trend through the end of the year.
Market Showing Room for Growth
Data from Cointelegraph Markets Pro and TradingView reveal that Bitcoin’s price movement is currently forming a new range on lower timeframes, with several critical support and resistance levels drawing increased attention from traders.
CryptoQuant analyst Axel Adler Jr. points out that there is no "peak signal" indicating an overheated market just yet. Such signals typically appear before major corrections when the market reaches unsustainable levels.
"Peak signals only surface at major market tops, and so far, we haven’t seen any this time," Adler explained. He referred to a composite index comparing market prices against realized prices and the destruction value ratio over the past 30 and 365 days.
Similarly, CryptoQuant analyst Crypto Dan highlighted the UTXO Age Bands metric. During Bitcoin’s previous price peaks in March and December 2024, UTXOs aged 1 day to 1 week accounted for 14% of realized capitalization. Currently, that figure is only about 5%, suggesting the market has yet to reach a heated level.
Resistance Targets and Key Support Levels
Analyzing the average cost basis of short-term holders (STH), CryptoQuant’s analyst Crazzyblockk identified critical upcoming resistance levels at $124,000 and $136,000. These price points have historically been zones where profit-taking intensifies and often mark local price highs.
“When BTC approaches the $124,000 to $136,000 range, the market tends to become overbought, especially since short-term investors hold unrealized gains,” Crazzyblockk stated.
On the downside, strong support zones have been noted at $113,000, $111,000, and $101,000. The $101,000 level is regarded as the “most critical support” to maintain the medium-term bullish structure. Staying above this threshold indicates strong confidence from holders.
Additional Indicators Support an Uptrend
The Z-Score MVRV indicator, which measures whether an asset is overvalued or undervalued, shows Bitcoin is not yet in the overvalued territory. The next principal resistance based on this indicator lies around $124,000, suggesting the possibility of further price expansion.
Moreover, the 200-day Exponential Moving Average (EMA) currently sits between $113,700 and $115,300, serving as a dynamic support zone crucial for maintaining bullish momentum.
Cointelegraph notes that Bitcoin must reclaim the $119,250 to $120,700 zone to strengthen its bullish trend and target prices above $123,000 in the near term.
Conclusion
While Bitcoin has recently broken significant records, the data and expert analysis converge on a consensus that the cryptocurrency is not yet at a market top. With key resistance and support levels defined and on-chain metrics signaling ample room for growth, traders and investors may anticipate potential continued upward movement for BTC through the rest of 2025. —
Disclaimer: Cryptocurrency investments carry high risk, and all decisions made based on this information are at the investor’s own responsibility. This content is for informational purposes only and does not constitute financial advice or solicitation to buy or sell.
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