<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2QwYzgtMTFmZS03NjEzLWIzNzItODJmOWJjMmY5Yjc3.jpg" alt="Bitcoin's new record high has traders asking: Did BTC price top at $124K?"></p><p>Bitcoin technical indicators are starting to show some signs of BTC price overheating, but onchain data suggests otherwise.</p>