<ul><li>Bitcoin price is showing strength above $110,000, with indicators signaling further potential growth.</li><li>The 2023 Rainbow Chart projects a $200,000 target for Bitcoin, suggesting it is halfway through its cycle.</li><li>BTC's RSI indicates an overbought zone but remains below historical peak levels, showing room for further growth.</li><li>On-chain indicators like the 200-week Moving Average and 2-Year MA Multiplier suggest that Bitcoin has not yet peaked, presenting opportunities for investors.</li></ul>

Experts Say Bitcoin Could Hit $200K—These 5 Factors Explain Why

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