Key indicators suggest Bitcoin has more room to rise

Bitcoin (BTC) recently hit a new all-time high, but multiple technical indicators suggest the cycle peak hasn't been reached yet, according to Lookonchain on X. The Rainbow Chart, relative strength index (RSI), 200-week Moving Average Heatmap and 2-Year MA Multiplier all show that BTC still has upside potential, with some pointing to a possible target above $200,000.