Bitcoin’s price in the last 24 hours has been marked with a highly unstable phase that saw her shortly reaching above Mark $ 106,000. Then there was a return to consolidation around the price level of USD 103,000.

This intense variability in the last 24 hours suggests that the price of Bitcoins still has a long way before it reaches the price. Among this volatile movement, a up-to-date macroeconomic model, a decoded macro trend oscillator (MTO), He indicated when Expect that Bitcoin price at the top of this cycle.

Model of a decoded macro oscillator and its alignment with Bitcoin peaks

The Trend Makro Decode oscillator is a sophisticated tool designed by the Bitcoin analyst known as decoding on the Social Media platform X. The oscillator aggregates about 40 macroeconomic indicators, from interest rates and global liquidity to industrial production and market variability, in 17 carefully selected leading indicators.

They are then normalized and visualized as a histogram for creating a cyclical pattern, which in the past equalized with the main peaks of Bitcoin. A close look at the chart entitled Bitcoin Liquid Index during 1m of the candlestick shows that the delicate green posts of the histogram coincided with each of the Bitcoin cycle peaks in 2013, 2017 and 2021.

These peaks are marked with vertical red lines, and the transitions from deep red to the green territory to the oscillator seem to offer a visual guide at the end of the bear phase and The beginning of price rallies. Since May 2025, the histogram has remained in a deep red zone, but it began up, with the latest reading of the bar on -11.47, which suggests that macroeconomic conditions may soon Start to favor a larger rally for Bitcoin.

Configuration of the BTC mode. Miniature -grained cycle forecast

Decoding analysis goes beyond Bitcoins specific indicators. In one of the accompanying charts of the S & P 500 index, a 2M long -term comparison is made between the current global environment and the economic background at the turn of the 1980s and 1990s. Interestingly, the Trend Makro Decode oscillator turned out to be credible in estimating periods of deterioration and expansion in both cases.

In both cases, inflationary pressure and decreasing moods of consumers over the years pushed the oscillator into negative territory. However, after the histogram fell green, the economy and prices entered the extended phase of expansion.

The third chart contains a more detailed view of the weekly Bitcoin trend, including Money supply growth overlaywhich is another popular cash indicator. This view emphasizes how the macro trend oscillator, after switching to a configuration decod, called “Bitcoin mode”, reflects its sensitivity to indicators that directly affect cryptographic markets. In this configuration, only a few of the full 17 indicators which best identify bitcoins cycle countertops are used.

At the moment, Bitcoin is still in a negative red histogram zone, even despite the rally in recent months. The first deep green histogram has not yet appeared, not to mention the first dazzling green belt that will mark the cycle peak. Based on this configuration, the oscillator suggests that Bitcoin still has a lot of space to start this cycle and that the price Top is unlikely to come in 2025.

At the time of writing, Bitcoin trades for USD 103,300.

A distinguished picture from Pixabay, chart from tradingview.com