Bitcoin Rainbow Chart, RSI, and other indicators all show that the price has not yet peaked, making it suitable to continue holding or buying

Blockbeats

05-26

BlockBeats News, May 26th, lookonchain published an analysis stating that last week Bitcoin's price hit an all-time high, using the following four indicators to analyze whether Bitcoin is currently at its peak:

· Rainbow Chart:

The latest 2023 Bitcoin Rainbow Chart indicates that BTC is still a hodl, with the top of this cycle expected to exceed $200,000.

· Relative Strength Index (RSI) Chart:

RSI ≥ 70: Bitcoin is in overbought territory, likely to drop soon; RSI ≤ 30: Bitcoin is in oversold territory, likely to rise soon.

The current RSI is 71.35, and compared to historical data, $BTC does not appear to have peaked yet.

· 200-Week Moving Average Heatmap:

The 200-week moving average heatmap shows the current price point in blue, indicating that the price has not reached the top yet, making it a good time to hodl or buy.

· 2-Year MA Multiplier

The 2-Year Moving Average Multiplier shows that the BTC price is between the red and green lines, not yet touching the red line, indicating the market has not reached its peak.

Summary: Based on the analysis of the four indicators above, BTC has not yet reached the peak of this cycle, and the price still has room to rise, making it suitable to continue holding or buying.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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RSI ≤ 30: Bitcoin is in oversold territory, likely to rise soon.</p><p>The current RSI is 71.35, and compared to historical data, $BTC does not appear to have peaked yet.</p><p>· 200-Week Moving Average Heatmap:</p><p>The 200-week moving average heatmap shows the current price point in blue, indicating that the price has not reached the top yet, making it a good time to hodl or buy.</p><p>· 2-Year MA Multiplier</p><p>The 2-Year Moving Average Multiplier shows that the BTC price is between the red and green lines, not yet touching the red line, indicating the market has not reached its peak.</p><p>Summary: Based on the analysis of the four indicators above, BTC has not yet reached the peak of this cycle, and the price still has room to rise, making it suitable to continue holding or buying.</p></div></body></html>","source":"theblockbeats_live","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Rainbow Chart, RSI, and other indicators all show that the price has not yet peaked, making it suitable to continue holding or buying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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RSI ≤ 30: Bitcoin is in oversold territory, likely to rise soon.</p><p>The current RSI is 71.35, and compared to historical data, $BTC does not appear to have peaked yet.</p><p>· 200-Week Moving Average Heatmap:</p><p>The 200-week moving average heatmap shows the current price point in blue, indicating that the price has not reached the top yet, making it a good time to hodl or buy.</p><p>· 2-Year MA Multiplier</p><p>The 2-Year Moving Average Multiplier shows that the BTC price is between the red and green lines, not yet touching the red line, indicating the market has not reached its peak.</p><p>Summary: Based on the analysis of the four indicators above, BTC has not yet reached the peak of this cycle, and the price still has room to rise, making it suitable to continue holding or buying.</p></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.theblockbeats.info//en/flash/295547\">Blockbeats</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.theblockbeats.info//en/flash/295547","article_id":"2538105725","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538105725","pubTimestamp":1748261640,"columns":[],"sourceInfo":{"source_id":"theblockbeats_live","name":"Blockbeats快讯"},"weMediaInfo":null,"summary":"BlockBeats News, May 26th, lookonchain published an analysis stating that last week Bitcoin's price hit an all-time high, using the following four indicators to analyze whether Bitcoin is currently at","collect":0,"end_time":0,"defaultTopTitle":"theblockbeats.info","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"比特币彩虹图、RSI等指标均显示价格尚未见顶，适合继续持有或买入","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"BTC":1,"BTCmain":1,"XBTmain":1,"GTLS":1,"MA":1,"RSI":1},"content_text":"BlockBeats News, May 26th, lookonchain published an analysis stating that last week Bitcoin's price hit an all-time high, using the following four indicators to analyze whether Bitcoin is currently at its peak:· Rainbow Chart:The latest 2023 Bitcoin Rainbow Chart indicates that BTC is still a hodl, with the top of this cycle expected to exceed $200,000.· Relative Strength Index (RSI) Chart:RSI ≥ 70: Bitcoin is in overbought territory, likely to drop soon; RSI ≤ 30: Bitcoin is in oversold territory, likely to rise soon.The current RSI is 71.35, and compared to historical data, $BTC does not appear to have peaked yet.· 200-Week Moving Average Heatmap:The 200-week moving average heatmap shows the current price point in blue, indicating that the price has not reached the top yet, making it a good time to hodl or buy.· 2-Year MA MultiplierThe 2-Year Moving Average Multiplier shows that the BTC price is between the red and green lines, not yet touching the red line, indicating the market has not reached its peak.Summary: Based on the analysis of the four indicators above, BTC has not yet reached the peak of this cycle, and the price still has room to rise, making it suitable to continue holding or buying.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}