Analysis “BTC, Not yet at the cycle peak…Technical indicators suggest a possibility of 200,000 dollars”

An analysis has emerged that Bitcoin has not yet reached the peak of this upward cycle. On-chain data analysis platform Lookonchain announced through X on the 25th (local time) that major technical indicators still suggest room for further gains.

Lookonchain presented the △Rainbow Log Chart △Relative Strength Index (RSI) △200-Week Moving Average Line (200W MA) △2-Year MA Multiplier as evidence, emphasizing, “All these indicators suggest that BTC has not yet reached the peak of the cycle.”

In particular, the Rainbow Log Chart enters the ‘Red’ zone near the peak in past cycles, but currently remains at the ‘Orange~Yellow’ level, implying the possibility of further increases. RSI has also not reached the overbought zone of 80 or above, and the 200-week moving average or 2-year MA-based models still leave room for medium- to long-term upward potential.

Based on this analysis, Lookonchain predicted, “Bitcoin could rise up to $200,000 in this cycle.” The market is also viewing positively the fact that strong buying power is coming in after recently confirming $95,000 as a short-term support level.

While the technical analysis-based outlook supports the bullish stance, the price flow in the coming weeks is expected to be an important turning point in determining the direction and pace of the actual cycle peak.