The Bitcoin Fundamental Index (BFI) indicates that Bitcoin will not abandon its assault on historical new highs. Swissblock Technologies states that the BTC price remains strong, eliminating the double top risk.
According to the latest analysis by Swissblock, 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 weakness even during the pullback in February-March. If BTC/USD pulls back 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 98% of the time after approaching historical peaks.
