Hasn't Bitcoin Reached Its Peak Yet? These 5 Indicators Say the Rise Will Continue! - Coin Bulletin

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**While the price of Bitcoin has experienced significant fluctuations recently, investors are wondering whether the peak has arrived or not.

According to Lookonchain, five important indicators used to understand the uncertainty in the market show that Bitcoin has not yet reached its peak and there is room for growth.

New Bitcoin Rainbow 2023 chart shows that BTC is still a viable asset for long-term growth curve and can reach a peak above $250,000 in this cycle. The Relative Strength Index (RSI) is at 75.56, indicating that compared to past data, BTC has not yet entered the overbought zone and the potential for upward movement continues.

200 Weekly Moving Average Heat Map shows that the price point is still in the "blue zone", indicating that the market has not reached its peak.

Similarly, the Cumulative Value Loss Days (CVDD) indicator also shows that Bitcoin has not yet reached its peak and its value is still supported. The 2-Year MA Multiplier also confirms that BTC has not touched the red line and the market has not yet reached the peak.

BTC0.38%
MAD-4.45%
G4.24%
S2.19%
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