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Bitcoin has not yet reached its peak, and higher targets await it. The indicators have not yet reached saturation, and the Bitcoin cycle is not over yet. Follow the explanation to get the full picture. The thumbnail is of the BITCOIN RSI (RELATIVE STRENGTH INDEX) indicator.
Over the past cycles, it has been very good at identifying Bitcoin's peaks and bottoms. Take the 2015, 2019, and 2023 bottoms, for example.
And the 2014, 2018, and 2022 peaks. At these peaks, the indicator reached saturation levels of 70, 80, and 90 on the indicator.
Currently, the momentum has not reached levels where Bitcoin can be said to have reached its peak, but it has completed 70% of the journey, and new peaks are still awaiting it. On the upward journey, we will see currencies achieve a respectable rise.
Save the indicator, and when it reaches the aforementioned levels, raise your caution.
To follow the indicator đ
https://charts.bitbo.io/monthly-rsi/
âBitcoin has not yet reached its peak, and higher targets are anticipated. Indicators have not reached saturation levels, and the Bitcoin cycle has not concluded. Let me explain in detail.
The thumbnail shows the Bitcoin RSI (Relative Strength Index) over past cycles, which has been effective in identifying tops and bottoms. For instance:
-Bottoms in 2015, 2019, and 2023
- Tops in 2014, 2018, and 2022
At these peaks, the RSI reached overbought levels between 70-80-90. Currently, the momentum hasnât pushed Bitcoin to levels that would indicate it has reached its peak. Having covered about 70% of the journey, new heights are still expected.
During the upcoming rally, some altcoins are likely to experience significant gains. Keep an eye on the RSI indicator, and exercise caution when it reaches the aforementioned levels.
Check the indicator here: in
https://charts.bitbo.io/monthly-rsi/
