According to Odaily, cryptocurrency analyst CredibleCrypto highlighted on the X platform that Bitcoin's monthly Relative Strength Index (RSI) has re-entered the overbought zone after several months. He reviewed the market performance during the last two instances when the monthly RSI entered this zone, noting that the monthly candlestick rose by $22,200 and $33,000, respectively. Currently, Bitcoin's price has increased by approximately $18,000 this month, with about 10 days remaining until the monthly close.

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