Following Bitcoin's recent surge past $100,000, there are speculations about whether it has reached its peak for this cycle. However, key indicators suggest that this assumption is based on personal opinion rather than historical data. BTC's current price of $101,449 and on-chain analysis indicate potential for further growth. The Market Value to Realized Value (MVRV) long/short difference suggests a bullish phase, with long-term holders having more unrealized profits. The Realized HOLD ratio (RHODL) also supports this bias, showing that BTC has not yet reached its peak. Additionally, a bull flag pattern on the daily chart indicates a potential uptrend continuation, with a possible rise to $112,500. However, a drop below the flag's lower boundary or bearish indicators could invalidate this prediction. Overall, historical data and key indicators point towards Bitcoin surpassing its all-time high in the current cycle. Read more AI-generated news on: https://app.chaingpt.org/news

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