Bitcoin Bull Run Faces Potential Correction; Max Intersect SMA Model Indicates Four More Months of Upside Before Cycle Top
Bitcoin’s 50-day simple moving average (SMA) has reached a record high above $100,000, highlighting strong bullish sentiment and recent price strength driven by ETF inflows. However, the gap between the spot price and the SMA has narrowed, signaling a possible price correction of at least 10%. On-chain data also shows increased profit-taking by holders, reflecting evolving market sentiment. In a new update, crypto analyst Joao Wedson emphasizes that the key top signal from the Max Intersect SMA Model, which accurately called previous cycle peaks, has not yet been triggered. Since this signal aligns with the price reaching the previous cycle high ($69,000), and Bitcoin currently trades around $104,400 after recent consolidation, the model suggests the current bull run could continue for up to four more months. Algorithmic analysis supports this view, but traders are advised to monitor both the 50-day SMA for potential support and the Max Intersect SMA Model for signs of a market top. This comprehensive outlook highlights the importance of watching technical and sentiment indicators amid increased volatility, with a data-driven case that the Bitcoin uptrend may persist but faces near-term correction risk.
Bullish
While there is evidence of a potential short-term correction in Bitcoin due to the narrowing gap with its 50-day SMA and increased profit-taking, the Max Intersect SMA Model—renowned for its accuracy in previous cycles—has not yet signaled a cycle top. This suggests that, despite current volatility and consolidation, the longer-term trend remains positive, with algorithmic and technical indicators supporting the possibility of further upside for up to four months. Traders should watch for both short-term corrections and major cycle-top signals. Overall, this outlook is bullish as the primary technical model indicates more room for growth before a definitive market peak is reached.