Looking at the monthly chart and the monthly RSI, we can see that all major rallies had the monthly RSI peak at around 97.
Currently, we are still below that, but we will reach it at the latest in May. Or maybe even in the April rally if against all odds it will pump like crazy in the next weeks.
But more likely in May.
Then, it is very likely that the top is in. I don't think that BTC will this time have the RSI magically break the old highs, and that we reach values of 300k or stuff like that.
I don't say it's impossible, it's just not extremely likely imho. It's funny when you realize that 100k has suddenly become a conservative target, lol. Quite the times we live in.
Anyways, I will keep a close watch on the monthly RSI in order to estimate the month of the top. Let's look at how it will look in April.
Currently, we are still below that, but we will reach it at the latest in May. Or maybe even in the April rally if against all odds it will pump like crazy in the next weeks.
But more likely in May.
Then, it is very likely that the top is in. I don't think that BTC will this time have the RSI magically break the old highs, and that we reach values of 300k or stuff like that.
I don't say it's impossible, it's just not extremely likely imho. It's funny when you realize that 100k has suddenly become a conservative target, lol. Quite the times we live in.
Anyways, I will keep a close watch on the monthly RSI in order to estimate the month of the top. Let's look at how it will look in April.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.