‼️ $BTC & Market Update ‼️
many are confused right now. But we are only half-way to the top. ..
We have not reached the top of the channel yet; no RSI-based top signal has been given either and price is still well above the blue channel after a short retest.
Year-end target #BTC 200k.
Chart explanation:
This chart visualizes Bitcoin's price action over time, highlighting key features:
Gaussian Channel Bands: The shaded blue area represents the filtered high and low bands, providing an overview of price volatility.
Halving Events: Dashed vertical lines mark Bitcoin halving dates, significant events that often influence price trends.
RSI-Based Arrows: Red arrows above the price indicate overbought conditions.
Green arrows below the price indicate oversold conditions (RSI crossing above 30).
Logarithmic Scale: The y-axis uses a log scale to better capture Bitcoin's exponential growth.
