The Monthly RSI Heatmap for BITCOIN reveals the ideal Cycle Sell Zone!
Bitcoin (BTCUSD) has continued its long-term bullish trend and at the time of writing this analysis, it is testing the key psychological level of $100k. Now that the Bull Cycle is entering its final stage (most likely for the next 6 months), it's time to look at potential exit levels as close as possible to the expected Peak.
There is no better long-term indicator to help us in this regard than the 1M RSI, which historically offers good levels to sell when entering the Fibonacci range of 0.786 - 1.0 from the Downward Channel. Currently, it is still quite far from that Zone, so the potential for increase despite the recent breakout is very significant.
The Sine Wave indicates that in symmetric terms, the Cycle Peak should be priced around November 2025 (which previously was in November 2021, December 2017, December 2013). The closer the 1M RSI gets to this date while entering the Fib Zone of 0.786 - 1.0, the better, as the higher the price is likely to be.
Based on this Cycle Up Channel (blue), the reasonable range for the Cycle Peak is $150k - $200k.
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