๐จ$BTC
Bitcoinโs Monthly RSI Flashes Overbought โ What History Says Comes Next
#Bitcoin #RSI #BTCBreakout #CryptoSignals #CredibleCrypto
AI Summary:
Per Odaily, crypto analyst CredibleCrypto reports that Bitcoinโs monthly RSI has officially re-entered the overbought zone โ a technical event that has historically preceded massive price surges.
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Why This Matters: RSI = Rocket Signal?
The Relative Strength Index (RSI) is a key momentum indicator. When Bitcoin enters the overbought zone on the monthly timeframe, it often foreshadows a powerful bullish continuation.
CredibleCrypto notes:
Previous Overbought RSI Events:
BTC rose $22,200 in one case
BTC surged $33,000 in another
Current Move: BTC is already up ~$18,000 this month
Time Left: ~10 days remain until the monthly candle closes
Are we setting up for another explosive close?
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Zooming Out: This Isn't Just Noise
Monthly RSI signals aren't short-term trades โ theyโre macro-level market shifts. A re-entry into the overbought zone shows strength, not weakness, and often marks the mid-stage of major bull cycles.
Add in:
Diminished BTC supply on exchanges
Institutional inflows
Strong macro sentiment
โฆand the stage could be set for $BTC to rewrite history once again.
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Final Take: Donโt Ignore the Signals the Market Is Screaming
Bitcoinโs momentum is building on high timeframes. When monthly RSI moves like this, the smart money listens.
Will this be the $33K candle moment of this cycle?
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