The Bitcoin rainbow chart, RSI, and other indicators all show that the price has not yet reached its peak, making it suitable to continue holding or buying.

BlockBeats News, on May 26, lookonchain published an analysis saying that the price of Bitcoin hit a record high last week, using the following four indicators to analyze whether Bitcoin is currently at its peak: · Rainbow Chart: The latest 2023 Bitcoin Rainbow Chart shows that BTC is still holdable, with BTC expected to top above $200,000 during the week. Relative Strength Index (RSI) chart: RSI ≥ 70: Bitcoin is overbought and may fall soon; RSI ≤ 30: Bitcoin is oversold and could rise soon. The current RSI is at 71.35 and $BTC doesn’t seem to have peaked yet compared to historical data. 200-week moving average heatmap: The 200-week moving average heatmap shows that the current price point is blue, indicating that the price has not yet reached the top and that it is time to hold and buy. The 2-Year MA Multiplier shows that the BTC price sits between the red and green lines, has not yet touched the red line, and the market has not yet reached the top. Summary: According to the analysis of the above four indicators, BTC has not yet reached the peak of this cycle, and the price still has room to rise, which is suitable for continued holding or buying.