Data from BlockBeats indicates that Bitcoin’s price may be nearing its peak, with renowned analyst @ali_charts suggesting several technical indicators point to this possibility. Firstly, the RSI has shown divergence, exhibiting new lows despite Bitcoin reaching new highs. This pattern resembles a similar trend observed in 2021, potentially signaling an end to current cycle dynamics. Secondly, the MACD indicator turned bearish this week, further reinforcing the price decline and increasing risk of further downward movement. Additionally, the Market Value to Realized Value (MVRV) momentum indicator experienced a ‘death cross’ recently, indicating a shift from positive to negative market momentum. This historical pattern is often associated with cyclical peaks. Key support levels have been identified: $108,700 is crucial, with a weekly close below this level potentially confirming a deeper trend shift. Other supports include $104,500 (on-chain accumulation), $97,000 as historical demand zone, and $60,000 as the ultimate support in case of a full trend reversal.