ChainCatcher message, Lookonchain posted on social media that five indicators can be used to observe whether Bitcoin has reached its peak:The rainbow chart is a long-term valuation tool that uses a logarithmic growth curve to predict BTC's potential price direction in the future. The new Bitcoin Rainbow 2023 chart shows that BTC is still very cheap;Relative Strength Index (RSI) chart ≥70: BTC is in an overbought state and may soon decline. ≤30: BTC is in an oversold state and may soon rise. The current RSI is 61.87, and compared to previous data, BTC does not seem to have peaked yet;The 200-week moving average heatmap shows the current price point in blue, indicating that the price peak has not yet been reached, making it a time to hold and buy;Cumulative Value Days Destroyed (CVDD), when the BTC price touches the green line, the BTC price is undervalued, indicating that it is a good buying opportunity. The current CVDD shows that BTC's peak does not seem to have been reached yet;The annual moving average multiplier shows that BTC's price is between the red line and the green line. It has not yet touched the red line, and the market has not peaked.