Bitcoin's current cycle is far from its peak, according to analyst Lark Davis, who highlights indicators like RSI, NUPL, and MVRV-Z to support this view. With the RSI at 76 and in the "Believe-Denial" phase, there is significant room for growth, potentially reaching between $200,000 and $250,000. As of now, Bitcoin is trading at approximately $100,485.71, reflecting a 2.08% increase in the last 24 hours, indicating rising investor confidence.
