PANews reported on May 26 that according to Lookonchain analysis, although BTC reached an all-time high last week, four key technical indicators show that the market has not yet peaked. The Rainbow Chart predicts that the peak of this cycle could exceed $200,000; the current monthly RSI is 71.35, which is close to the overbought area, but historical data indicates that there is still room for upward movement; the 200-week moving average heatmap is currently blue, suggesting that it is still a time to hold coins and buy; the 2-year moving average multiplier shows that the price has not yet reached the top red line, and the market is still in the mid-stage.
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Analysis: Multiple technical indicators show that BTC has not yet peaked and still has room to rise.
PANews reported on May 26 that according to Lookonchain analysis, although BTC reached an all-time high last week, four key technical indicators show that the market has not yet peaked. The Rainbow Chart predicts that the peak of this cycle could exceed $200,000; the current monthly RSI is 71.35, which is close to the overbought area, but historical data indicates that there is still room for upward movement; the 200-week moving average heatmap is currently blue, suggesting that it is still a time to hold coins and buy; the 2-year moving average multiplier shows that the price has not yet reached the top red line, and the market is still in the mid-stage.