The Bitcoin Fundamental Index (BFI) indicates that Bitcoin will not cancel its assault on historical new highs. Swissblock Technologies states that the BTC price remains strong, eliminating the risk of a double top.
According to Swissblock's latest analysis, the BTC price has surpassed $107,000, with no signs of bearish divergence. Although it is less than $5,000 away from its historical high, BTC/USD is still in price discovery.
The 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 retraces now, the 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 tends to reach new highs within 50 days in 98% of cases after nearing historical peaks.
