According to PANews, Lookonchain analysis indicates that despite BTC reaching an all-time high last week, four key technical indicators show that the market has not yet peaked. The Rainbow Chart predicts that the top of this cycle could exceed $200,000.
The current monthly RSI is 71.35, approaching the overbought zone, but historical data indicates there is still upward potential. The 200-week moving average heatmap is currently blue, suggesting it is still a good time to hold and buy.
The 2-year moving average multiplier shows that the price has not reached the top red line, and the market is still in the mid-stage.
