Analysis: Four Key Indicators Suggest Bitcoin Has Not Yet Peaked, Price May Exceed $200,000 This Cycle
Odaily Planet Daily News According to Lookonchain analysis, all four major technical indicators show that BTC has not yet reached the peak of this bull market. The rainbow chart predicts that the Bitcoin price in this cycle is expected to exceed $200,000; the RSI index is at 71.35, indicating there is still room for growth compared to historical peaks; the 200-week moving average heat map is in the blue zone, suggesting the price has not peaked; the 2-year moving average multiplier shows the current price is between the red and green lines, not signaling a top.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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