Key points:

• Bitcoin is not queuing to cancel the attack on the highest levels of all time, says Bitcoin Fundamental Index (BFI).

• The BTC price force remains “intact”, says Swissblock Technologies, removing the risk of a double top.

• Historically, returning to 10% of the highest all time provides the discovery of prices almost every time.

The up-to-date analysis says that Bitcoin (BTC) does not risk the “double” to reverse the bull market as a result of USD 107,000.

In one of his The latest updates X.The private wealth manager of Szwajsblock Technologies described BTC prices as “intact”.

The BTC price indicator ignores the double upper part of “noise”

Bitcoin shows “no signs of bears of discrepancies”, as you can see through the lens of the basket of network indicators.

Commenting on the latest signals from Fundamental Bitcoin Fundamental Index (BFI), Swissblock argued that despite less than USD 5000 from the highest levels, BTC/USD does not intend to abandon its push in the discovery of prices.

“A lot of noise with a potential double top, because $ BTC is trying to break ATH,” he said.

BFI combines various preserved indicators into one oscillator to ensure insight into the strength of trends at a given price point.

From August 2024, BFI stuck rigidly to its middle territory around the 50/100 mark, regardless of the price.

“Even while retreating February -lem, he kept neutral, he never immersed in weakness,” notes the post.

Swissblock explained that if BTC/USD was now to turn around and head to below, leaving the ups untouched, BFI would “collapse”.

“The power of the chain is intact,” he summed up.

“Bears: not this time, I have to wait.”

Statistics favor Bitcoin bulls

This perspective is this month from the perspective of most popular cryptographic market participants.

Related: 107,000 $ fakeout or up-to-date ups of all time? 5 things you should know in Bitcoin this week

As Cointelegraph still informs, it is expected that the discovery of prices will be repeated sooner than later, with one BTC price for this week is already USD 116,000.

In this topic, the Timothy Peterson network economist used a statistical analysis to take over the journey to at least USD 115,000 until the end of June.

“Bitcoin reached 10% of all time”, his X Post From May 9, readings.

“What happens next? It happened almost 300 times since 2015. Within 50 days Bitcoin reached a new level of all time in 98% of cases.”

Peterson admitted that the profits after 2020 were more modest than before, with an average 8% traffic giving BTC/USD target up to USD 125,000.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.