Fundamental Technical Indicators Point to Bitcoin's Continued Rise BTC has been on a steady upward trend since breaking its previous all-time high of $64,863 in mid-October. With its latest surge above $67,000, many are wondering how high the leading cryptocurrency can go. According to one analyst, the answer lies in fundamental technical indicators. On-Chain Data Suggests Strong Support for BTC One of the key indicators that points to Bitcoin's continued rise is its on-chain data. On-chain data refers to information about BTC transactions and addresses recorded on the blockchain. This data can provide insight into market sentiment and investor behavior, and currently, it suggests strong support for BTC. Institutional Interest Continues to Grow Another factor driving Bitcoin's momentum is the increasing interest from institutional investors. Companies like Tesla, MicroStrategy, and Square have all made significant investments in BTC, signaling their confidence in t...
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