Is there a level cap in 1-Bit Rogue?

Question

I got to dungeon level 50 and amassed some 2000 gold. On the character select screen, I can level up starting at like 60 gold and +5 gold per level after.

The swordsman gets +1 HP per level up, but there appears to be a max of 99 HP. You can easily collect +1 max HP per level (over 50 dungeon levels, that'll add up). So, I'm thinking it only makes sense to level up so far.

So, finally, is there a level cap?

Answer 1

No, there is no level cap. (Source)

レベル上げなし means "no level cap"

Also, no matter what level you are, if you get beaten you'll be reset to level 1 floor 1. (Source)

敵に負ければレベル１に戻ってフロア１やからり直し means, "if you lose you'll be returned to floor 1 to redo" (direct translation)