Bitcoin Price Hits $77K: Is the Bull Top Still Ahead?
#Bitcoin $BTC has hit a new all-time high of $77,000, but
analysis suggests this bull run isn’t over yet. According to
Lookonchain’s recent insights, five key indicators point to
further price gains:
1/ Rainbow Chart: Indicates the rally hasn’t reached its peak yet.
2/ 200-Week Moving Average Heatmap: Aligns with bullish
momentum, supporting more upside.
3/ RSI: At around 70, showing strong buying pressure, but still
below typical cycle tops.
4/ CVDD Analysis: Suggests Bitcoin hasn’t hit its maximum price
level yet.
5/ 2-Year MA Multiplier: BTC hasn’t reached the red line,
implying room for growth.
Bitcoin’s current price is near $76,500, and market cap stands at $1.52 trillion. While indicators signal more potential gains,
traders should be cautious of rapid market shifts.
