According to Lookonchain analysis, the four major technical indicators all show that BTC has not yet reached the peak of this round of bull market. The rainbow chart predicts that the price of Bitcoin is expected to exceed $200,000 this cycle; The RSI index is 71.35, which still has room for upside from the historical peak; The 200-week moving average heatmap is in the blue zone, indicating that the price has not yet peaked; The 2-year moving average multiplier shows that the current price is between the red and green lines and does not reach the top signal.
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Analysis: Four major indicators show that Bitcoin has not yet reached its peak, and the price in this cycle may break through $200,000.
According to Lookonchain analysis, the four major technical indicators all show that BTC has not yet reached the peak of this round of bull market. The rainbow chart predicts that the price of Bitcoin is expected to exceed $200,000 this cycle; The RSI index is 71.35, which still has room for upside from the historical peak; The 200-week moving average heatmap is in the blue zone, indicating that the price has not yet peaked; The 2-year moving average multiplier shows that the current price is between the red and green lines and does not reach the top signal.