Sorry bears — Bitcoin analysis dismisses $107K BTC price double top

Quick Summary:

Commenting on the latest signals from its Bitcoin Fundamental Index (BFI), Swissblock argues that despite being less than $5,000 from all-time highs, BTC/USD is not about to abandon its push into price discovery.“A lot of noise about a potential double top as $BTC struggles to break ATH,” it summarized.

Swissblock explained that if BTC/USD were to reverse now and head lower, leaving all-time highs untouched, BFI would already be “breaking down.”“On-chain strength is intact,” it concludes. “Bears: not this time, got to wait.”Bitcoin Fundamental Index (BFI).

In one of its latest X updates, private wealth manager Swissblock Technologies described BTC price strength as “intact.”BTC price indicator ignores double top “noise”Bitcoin shows “no signs of bearish divergence,” as seen through the lens of a basket of network indicators.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Reenter Highs Bitcoin Strength Btc/usd Analysis Swissblock All-time Price Latest Discovery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 08:48:22 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28868028

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Main Topics: Crypto

Official Website: cointelegraph.com

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