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Bitcoin price temperature indicates a moderate heat amidst all-time highs

According to Block Beats, CryptoQuant analyst Axel Adler Jr. noted that despite Bitcoin reaching its all-time high, the Bitcoin price temperature (BPT) remains at a moderately high level of 2.56, which is below the local peak of 3.57. This suggests that Bitcoin is currently in a 'warm' phase with no clear signs of overheating. The price is maintaining a level above the four-year moving average and +2σ, confirming the upward trend.

The primary identified risk is the potential for a regular pullback within the upward trend. A 'late-stage' signal will appear if the Bitcoin price temperature (BPT) accelerates above 3.0.