Bitcoin (BTC) investors volition resist selling their coins for a lot longer and the bull run will continue, new analysis argues.

In a Twitter debate on Oct. 28, data annotator Mitch Klee delivered fresh prove that the current bull run is only 50% consummate.

RHODL demands more upside

Using the Realized HODL Ratio (RHODL) indicator, created past popular analyst Philip Swift, Klee showed that Bitcoin is nonetheless far from the classic top signals it gave at the acme of previous bull markets.

RHODL is based on the well-known HODL Waves tool, and its increasing size conforms to balderdash markets gathering pace — both then top out at once.

"RHODL ratio shows seller burnout, and we are just halfway in that location," he said equally part of a Twitter comment.

Bitcoin RHODL vs. BTC/USD nautical chart. Source: Mitch Klee/Twitter

Every bit Cointelegraph reported, RHODL is far from alone in calling for an extended end to the bull run. Other sources include Bitcoin Stock-to-Catamenia model creator PlanB, who believes that Bitcoin has a proficient half dozen months left before a turning indicate hits.

Bitcoin toll acme must "be high enough to wow"

Klee was responding to Pete Rizzo, editor at major commutation Kraken.

Related: Bitcoin price dip matches Oct 2022 with BTC 'explosion' notwithstanding forecast before 2022

In a recent episode of the All-time Concern Show, a podcast hosted by Anthony Pompliano, Rizzo chosen cycle toll tops "psychological attacks on Bitcoiners."

"If Bitcoin wants to create a peak, it going to take to convince some of the never-sell-Bitcoin bulls to give up some Bitcoin," he said.

"I'm confident in the Bitcoin technology'due south power to coax sellers dorsum to the market, and the price at which it does then will probable be college than we can posit currently considering it's an assail on us."

Rizzo casually mentioned now-commonplace figures ranging from $300,000 to $500,000 — "loftier enough to actually wow."