The article discusses the recent sharp movements of Bitcoin in response to the tariff discussions between the US and China. A blockchain analysis platform, Lookonchain, has examined several indicators to determine if Bitcoin has reached its peak. The Rainbow chart, RSI indicator, 200-Week Moving Average Heat Map, Cumulative Value Loss Days (CVDD) indicator, and 2-Year MA Multiplier were analyzed. According to Lookonchain's analysis, Bitcoin has not yet reached its peak and could potentially rise above $250,000 in this cycle. However, it is important to note that this information is not investment advice.
Content Editor ( en.bitcoinsistemi.com )
- 2025-02-04
Has Bitcoin Peaked, or Will the Rally Continue? Analysis Firm Explained, Talked About Price Expectations!
