Bitcoin Steady at $108,000: No Confirmed Pi Cycle Peak Signals

Bitcoin price remains stable around $108,000 as the Pi Cycle Top indicator shows no signs of a market peak. Though short-term volatility exists, the 111-day moving average has not crossed the 2×350-day moving average, suggesting continued upside potential without a classic cycle-top pattern. Bitcoin’s robust liquidity, evidenced by $23.4 billion daily trading volume, reinforces this stability. The absence of the Pi Cycle Top indicator’s historical signal supports the possibility of further price increases instead of a full reversal.