The Bitcoin Fundamental Index (BFI) indicates that Bitcoin will not abandon its assault on historical highs. Swissblock Technologies states that the BTC price remains strong, eliminating the double top risk.
According to Swissblock's latest analysis, the BTC price has surpassed $107,000, with no signs of bearish divergence. Despite being less than $5,000 away from its historical high, BTC/USD is still in price discovery.
The BFI has remained in the 50/100 middle range since August 2024, showing no signs of weakness even during the pullback in February-March. If BTC/USD retraces now, the BFI will collapse.
Economist Timothy Peterson predicts that the BTC price will reach at least $115,000 by the end of June. Historical data shows that Bitcoin has set new highs within 50 days in 98% of cases after approaching historical peaks.
