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Analysts: Bitcoin has not yet shown obvious signs of "overheating", with the main risk currently being a regular pullback.
BlockBeats news, on August 14, CryptoQuant analyst Axel Adler Jr stated that although Bitcoin has reached an all-time high, the Bitcoin Price Temperature (BPT) remains at a mid-high level of 2.56 (below the local peak of 3.57), indicating that it is currently in a “warm” range in this cycle, but there are no obvious signs of overheating yet. The price remains above the four-year moving average and its +2σ, confirming a bullish trend. The main risk is the regular pullbacks in the upward trend, and the “late-stage” signal will appear when the BPT accelerates to above 3.0.