According to Lookonchain, Bitcoin (BTC) reached a new all-time high last week, prompting traders to question whether the upward momentum will persist or if the market is peaking. Lookonchain cited four technical indicators, starting with the Rainbow Chart from blockchaincenter.net, which applies a logarithmic growth model to assess long-term valuation zones for BTC. This model currently places BTC in a significant valuation band, suggesting traders should watch for potential overbought conditions. Trading strategies can leverage such data to identify optimal entry and exit points given the historical accuracy of these indicators in signaling trend reversals. The focus on real-time, data-driven analysis is critical as high volatility persists in the crypto market. (Source: Lookonchain Twitter, blockchaincenter.net)