Bitcoin remains poised to reenter price discovery territory, according to Swissblock Technologies. The latest analysis by the Bitcoin Fundamental Index (BFI) asserts that Bitcoin's price strength is robust, indicating no risk of a double top formation even with BTC nearing all-time highs. BFI combines various indicators to assess trend strength and has maintained a neutral stance since August 2024, reinforcing that on-chain strength is intact. Furthermore, price discovery historically resuming within 10% of all-time highs supports the bullish sentiment, echoed by market economists. Notably, Timothy Peterson predicts Bitcoin could reach at least $115,000 by the end of June, citing statistical probabilities that favor new all-time highs following previous similar scenarios. Overall, market indicators and analysis favor Bitcoin bulls, dismissing concerns of a bear reversal at current price levels.

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