Analysis: Multiple indicators show that BTC has not yet peaked, and this cycle is expected to break through $200,000
According to ChainCatcher's message and analysis from Lookonchain, all four technical indicators show that BTC has not yet reached the peak of this bull market.
The rainbow chart predicts that Bitcoin's price in this cycle is expected to break through $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 heatmap is in the blue area, suggesting that the price has not yet topped; the 2-year moving average multiplier shows that the current price is between the red and green lines, not reaching the top signal.
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