A popular crypto analyst believes that Bitcoin (BTC) is not near its peak based on three indicators. The analyst shared a chart that shows the liquidity cycle, Bitcoin's Relative Strength Index (RSI), and BTC's Fisher Transform Indicator. The chart suggests that an expansion in Chinese 10-year bonds against the US money supply could trigger significant Bitcoin rallies. The RSI indicator and the Fisher Transform indicator also show patterns similar to those seen before Bitcoin's 2017 bull run. Bitcoin is currently trading at $57,793.
Other News from Today
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground