Lookonchain stated that based on the rainbow chart, relative strength index (RSI), 200-week moving average heat map, cumulative value destroyed days (CVDD), and 2-year MA multiplier indicators, Bitcoin has not yet reached the peak of the bull market, despite setting a new all-time high.
Lookonchain: Multiple indicators show that BTC has not yet reached the peak of the bull market
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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