When to Book Profits in Bitcoin?

14 Eki 2024

Bitcoin technical analysis update

Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.

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Hexa

4 Kas 2024

İşlem aktif

BTCUSDT monthly RSI update: 65

5 Kas 2024

İşlem aktif

BTCUSDT price could reach its peak by the end of the third quarter of 2025

5 Kas 2024

İşlem aktif

BTC When to sell?

As shown in the chart above, in the previous Bitcoin cycle, we had a 1,065-day bull run from the bottom. This cycle could potentially follow a similar pattern, suggesting we have one year of bull run remaining. The 1,065 days will be completed on October 30, 2025.
BTCUSDT

23 Kas 2024

Not

BTCUSD Monthly RSI reached 76.