On November 9, COINOTAG reported insights from LookIntoChain, highlighting **technical indicators** that are instrumental in evaluating **Bitcoin’s market performance**. Despite **Bitcoin** achieving a new **all-time high**, data derived from the **Rainbow Chart**, **Relative Strength Index (RSI)**, and **200-week moving average heat map** suggest that the cryptocurrency has not yet hit the pinnacle of the current **bull market**. Furthermore, the **Coin Days Destroyed (CDD)** metric, alongside the **2-year MA Multiplier**, signals that there exists additional potential for upward momentum in Bitcoin’s price trajectory. These analytical tools are critical for investors seeking to navigate the complexities of the crypto landscape and capitalize on emerging opportunities. As the market matures, understanding these indicators will be essential for making informed investment decisions in the ever-evolving realm of digital assets.
Source: https://en.coinotag.com/breakingnews/bitcoin-hits-new-all-time-high-but-bull-market-peak-still-pending-insights-from-lookintochain/