Indicators like RSI, NUPL, and MVRV-Z show Bitcoin’s (BTC) current cycle is far from reaching its peak.
Historical patterns suggest Bitcoin’s potential for further growth remains strong, supported by multiple technical indicators.
In a recent video, crypto analyst Lark Davis asserted that Bitcoin’s current cycle high is not even close, despite market skepticism. Davis clarified why Bitcoin still has outstanding upward potential using several chart analyses—a trend that would also help altcoins.
With markers like the RSI, NUPL, MVRV-Z, and Fibonacci retracements—all of which point to the top not being near—he supported his position.
Indicators Suggest Bitcoin Is Still in Its Mid-Cycle Phase
On the monthly chart, Davis emphasized the Relative Strength Index (RSI), which historically marks above 90 at cycle peaks. With Bitcoin’s RSI just reaching 76 in the current cycle, there is still plenty of room for increase.
Source: Lark Davis on Youtube
When compared to past cycles,
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