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- Bitcoin Still Has Room to Run as Analysts Target $180,000
Bitcoin Still Has Room to Run as Analysts Target $180,000
A key onchain metric shows Bitcoin remains far from overheated even at record highs, while XRP faces heavy whale selling and potential downside risk.
Joe G & Money Talks
October 10, 2025 • Estimated Reading Time: 4 minutes
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Bitcoin Indicator Points to $180K Target
XRP Whales Offload $50 Million Daily
Bitcoin’s Mayer Multiple shows the market is not yet “overbought,” suggesting more upside potential.
Mayer Multiple: The ratio of Bitcoin’s price to its 200-week moving average is 1.16, closer to “oversold” than “overbought.”
Overbought Level: Bitcoin would need to reach $180,000 to hit the 2.4 threshold that signals overheating.
Market Behavior: Analysts note that this bull cycle has been calmer, with the Multiple peaking at only 1.84 earlier this year.
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“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” said analyst Frank A. Fetter.
“I like the setup,” he added, noting room for continued growth.
XRP Whales Offload $50 Million Daily
Large holders are selling aggressively, pressuring XRP toward a possible 22% correction.
Whale Activity: Onchain data shows whales have been dumping $50 million in XRP each day as price slips below $3.
Exchange Supply: XRP holdings on centralized exchanges are rising, signaling more tokens ready to sell.
Technical Pattern: A descending triangle pattern points to a potential fall toward $2.20 if support at $2.75 breaks.
“Selling pressure persists,” said analyst Maartunn.
“Conditions are ripe for a major price decline,” added trader CryptoOnchain.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results