Bitcoin Holds Strong — $107K Not a Top?

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Bitcoin still has the green light to reenter price discovery despite misgivings over trend strength, says Swissblock Technologies in its latest BTC analysis.

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 does not risk a “double top” bull market reversal with its trip past $107,000, new analysis says.

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 argued 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 potential double top as $BTC struggles to break ATH,” it said.

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