Analysis: Multiple technical indicators show that BTC has not yet reached its peak and still has room for upward movement

According to Lookonchain analysis, although BTC hit a historic high last week, four key technical indicators indicate that the market has not yet peaked. Rainbow Chart predicts that the top of this cycle may exceed $200000; 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 heat map is currently in blue, indicating that it is still a holding and buying opportunity; The 2-year moving average multiplier shows that prices have not yet reached the top red line, and the market is still in the middle.