#bitcoin Bitcoin Analysis Dismisses That BTC Registers a "Double Top" After Surpassing $107,000

"There is a lot of noise about a potential double top as BTC struggles to reach its all-time high," says Swissblock in its latest BTC analysis. The BTC price indicator ignores the "noise" of the double top.

Bitcoin shows no "signs of bearish divergence," viewed through the lens of a basket of network indicators.

Commenting on the latest signals from its Bitcoin Fundamental Index (BFI), Swissblock argued that despite being less than $5,000 from the all-time highs, the BTC/USD pair will not abandon its momentum to discover new prices.

"There is a lot of noise about a potential double top as BTC struggles to reach its all-time high," he said.

The BFI combines several existing indicators into a single oscillator to provide an insight into the strength of the trend at a given price point.