Key points:
Bitcoin is not in line to cancel its attack on all-time highs, says the Bitcoin Fundamental Index (BFI).
BTC price strength remains “intact,” says Swissblock Technologies, removing the risk of a double top.
Historically, a return to within 10% of all-time highs delivers price discovery almost every time.
Bitcoin (BTC) does not risk a “double top” bull market reversal with its trip past $107,000, new analysis says.
In one of its latest X updates, private wealth manager Swissblock Technologies described BTC price strength as “intact.”
BTC price indicator ignores double top “noise”
Bitcoin shows “no signs of bearish divergence,” as seen through the lens of a basket of network indicators.
Commenting on the latest signals from its Bitcoin Fundamental Index (BFI), Swissblock argues that despite being less than $5,000 from all-time highs, BTC/USD is not about to abandon its push into price discovery.
“A lot of noise about a