Bitcoin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin printed a new all-time high at $77,252.75 on November 8.</strong></li>
 <li><strong>BTC RSI confirms that the price of the digital asset hasn’t reached the top.</strong></li>
 <li><strong>The Rainbow Chart also confirmed that BTC top is yet to arrive.</strong></li>
</ul>
<p>Bitcoin (BTC) hit a new all-time high of $77,000, but according to blockchain analysis platform Lookonchain, the peak of this bull cycle is still to come. The platform identified five major indicators that suggest the market leader may climb higher.</p>
<p>In a series of X (formerly Twitter) posts, Lookonchain explained that it used five indicators to predict Bitcoin’s potential future price movement. These indicators include the Rainbow Chart, the Relative Strength Index (RSI), the 200 Week Moving Average Heatmap, Cumulative Value Coin Days Destroyed (CVDD), and the 2-Year MA Multiplier.</p>
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   <p lang="en" dir="ltr">1/ On August 29, we shared 5 indicators that suggested BTC wasn't at its peak at that time.<br><br>Today, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> has broken through $77,000, setting a new all-time high!<br><br>Let's take another look at these 5 indicators to see if <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> is at its peak now.<a href="https://t.co/JrjEdgeLFG" target="_blank" rel="noopener noreferrer nofollow">https://t.co/JrjEdgeLFG</a> <a href="https://t.co/VeEs87MKzv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VeEs87MKzv</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1855082260749562075?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 9, 2024</a>
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<h2 class="wp-block-heading" id="h-five-indicators-point-to-further-upside">Five Indicators Point to Further Upsi…</h2>
<p>The post <a href="https://coinedition.com/bitcoins-bull-run-not-over-yet-on-chain-data-suggests-further-upside/" rel="noopener noreferrer nofollow">Bitcoin’s Bull Run Not Over Yet, On-Chain Data Suggests Further Upside</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin’s Bull Run Not Over Yet, On-Chain Data Suggests Further Upside

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