#BTC The $200K Tango of Bitcoin: Just Halfway Through the Dance! 🚀
It seems that Bitcoin is playing hard to get, teasing us with all-time highs, but saving its best moves for later! Four on-chain indicators suggest that we are just warming up:
1. **Bold Prediction of the Rainbow Chart** 🌈
- The journey of BTC to $200K is only halfway
- The current price action is just the opening act
2. **RSI Flirting at 71.35** 📈
- Slightly "overbought", but far from the peak zone of 90+
- Still has plenty of room to show its potential
3. **Technical Signals Indicating "More to Come"** 🔍
- 200-week MA Heatmap still in the blue zone
- 2-Year MA Multiplier has yet to touch the red line
4. **Retail FOMO? Not Even Close!** 👥
- Trading volumes below the one-year average
- Long-term holders absorbing coins while short-term leveraged players are getting wiped out
Recent price action shows BTC fluctuating between $107K-$110K with increasing volume, suggesting accumulation before the next leg up. Smart money is not taking profits—they are gearing up for the main event!