- Bitcoin’s rally shows no top signals as indicators point to more upside ahead
- Golden Cross and ETF inflows strengthen bullish momentum in current market cycle
- Analysts eye $117K–$120K short-term target as liquidity nears $113K zone
Bitcoin’s relentless climb has reached a new all-time high, crossing the $109,000 mark and igniting fresh excitement across the market. As of press time priced at $109,813, over the past week, the digital asset has surged by more than 6.5%, with a daily gain of 2.22%.
Several indicators suggest that Bitcoin still has room to grow. A key observation comes from Lookonchain data, which highlights that despite the rally, market signals have not confirmed a top. Technical and psychological indicators show strength and hint at further upside potential in the current cycle.
Indicators Signal More Upside Ahead
One of the most referenced valuation tools, the Rainbow Chart, offers a long-term perspective. The updated 2023 version places Bitcoin in the “hold” zone, forecasting a potential peak above $200,000 this cycle. This suggests we haven’t hit the ceiling yet.
The Relative Strength Index (RSI), which measures market momentum, currently sits at 71.35. While that indicates an overbought condition, previous cycles have shown that RSI values can climb higher before a correction. This supports the notion that the market still has room to breathe.
Additionally, the 200-Week Moving Average Heatmap shows a blue signal. Historically, this color has marked periods of strong buying opportunities, not tops. Bitcoin’s current price positioning within the 2-Year MA Multiplier also confirms it’s in a mid-range zone, far from the overheating levels that preceded past corrections.
The price of BTC hit a new all-time high last week.
— Lookonchain (@lookonchain) May 26, 2025
Will it continue to rise or fall from the top?
Let's use 4 indicators to see if $BTC is at its peak now.
Rainbow Charthttps://t.co/c2snAqQ7jl
The Rainbow Chart is a long-term valuation tool that uses a logarithmic growth… pic.twitter.com/7rdzXEblcm
Golden Cross and Institutional Fuel
Adding to the bullish case, analyst Doctor Profit highlights a rare but powerful signal—the Golden Cross. Historically accurate 87.8% of the time, this indicator flashed again in May 2025. In prior appearances, it preceded massive price rallies, delivering gains between 70% and 170%.
Doctor Profit also points out an explosive combination: ETF inflows are currently nine times greater than the daily mined supply. Meanwhile, MicroStrategy’s aggressive accumulation strategy is reducing available supply. With retail investors largely on the sidelines, institutional forces are dominating the current cycle.
#Bitcoin – What’s Next?
— Doctor Profit 🇨🇭 (@DrProfitCrypto) May 25, 2025
The Big Sunday Report: All You Need to Know
🚩TA/LCA/Psychological Breakdown:
Today, we’re highlighting one major signal that strongly reinforces my entire thesis: Bitcoin’s bullish run is far from over and it’s likely to go much further than most… pic.twitter.com/JRJne4lbGc
Liquidity and Short-Term Targets
The largest liquidity cluster lies just above $113,000, a mere 6% away. Many analysts expect Bitcoin to test this level in the coming days. Doctor Profit maintains a short-term target of $117,000 to $120,000, supported by current momentum and market structure.
