Despite reaching a new all-time high of $126,000 on Monday, Bitcoin is not overheating, according to analysts who believe the bull market may still be far from over. Key takeaways include no signs of market stress and strong fundamentals supporting further price growth. Bitcoin’s current upward trend is fueled by factors like quantitative easing (QE) by the US Federal Reserve, record spot BTC inflows, and institutional investment activity. Several market experts have highlighted Bitcoin’s potential to reach $300,000 in the coming years. This optimism is based on various indicators including the MVRV Z-Score, which shows Bitcoin has not yet reached its peak, and the Pi Cycle Top indicator, targeting a $200K Bitcoin price. Additionally, Bitcoin’s short-term holder MVRV pricing bands remain below overheated levels, signaling further expansion potential.