Analysis by Lookonchain suggests that Bitcoin’s bullish momentum may continue, indicating a potential for further price increases. Odaily reports that four key technical indicators highlight this trend. The rainbow chart forecasts a possible price surge to over $200,000 within this bull market cycle. Notably, the Relative Strength Index (RSI) currently stands at 71.35, implying room for growth compared to previous peaks. Additionally, the 200-week moving average heatmap remains in the blue zone, suggesting that Bitcoin’s price has yet to reach its peak. Lastly, the two-year moving average multiplier shows that the current price sits between the red and green lines, indicating the market is still in a dynamic expansion phase.