The Bitcoin Fundamental Index (BFI) indicates that Bitcoin will not cancel its attack 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 broken through $107,000, with no signs of bearish divergence. Although it is less than $5,000 away from the all-time high, BTC/USD is still in price discovery.
BFI has remained in the middle range of 50/100 since August 2024, showing no signs of weakness even during the pullback in February-March. If BTC/USD falls now, BFI will collapse.
Network 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 reached a new high within 50 days in 98% of cases after approaching an all-time high.
