Bitcoin rainbow chart, RSI and other indicators show that the price has not yet reached its peak, so it is suitable to continue holding or buying

Mars Finance News, on May 26, lookonchain published an analysis stating that last week, Bitcoin's price reached a historic high. Using the following four indicators to analyze whether BTC is currently at its peak: · Rainbow Chart: The latest 2023 Bitcoin rainbow chart shows that BTC can still be held, with the top expected to exceed $20200,000 in this cycle. · Relative Strength Index (RSI) Chart: RSI ≥ 70: Bitcoin is in an overbought state and may drop soon; RSI ≤ 30: Bitcoin is in an oversold state and may rise soon. The current RSI is 71.35, and compared to historical data, $BTC seems to have reached its peak yet. · 200-Week Moving Average Heat Map: The 200-week moving average heat map shows that the current price point is blue, indicating that the price has not yet reached its top, and now is a time to or holding. · 2-Year MA Multiplier: The 2-year moving average multiplier shows that BTC price is between the red and green lines, has not yet the and market has not reached its top.its. Conclusion: Based on the analysis of these four indicators, BTC has not yet reached the peak of this cycle, and there is still room for price increase, making it suitable to continue holding or buying.