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Bitcoin RSI strength suggests BTC price is still far from its cycle top
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Bitcoin (BTC) has barely started its run to new all-time highs if its relative strength index (RSI) repeats historical behavior.
As noted by popular Twitter analyst TechDev on Oct. 18, RSI has yet to produce macro top signals for BTC/USD.
Bitcoin has kept the market guessing as it tracks sideways just below all-time highs without hitting them this month.
With time, concerns have mounted that the blow-off top that many expect may not be as high as the bulls hope.
Looking at technical data, however, the real state of Bitcoin's bull run becomes apparent — there's a lot more left.
"Update on the 2-week RSI channel which has called every Bitcoin top and bottom in history," TechDev explained.
History has proven RSI to be a key factor in tracking
Read more on cointelegraph.comAbout this in other media
BTC price 'ready to rally' with Bitcoin bulls clear to charge at $85K — analysis cointelegraph.com /3 years ago
Bitcoin Regains Strength, Ethereum Hits New ATH, SHIB Slides cryptonews.com /3 years ago
Bullish Bukele Buys Bitcoin ‘Dip,’ Snapping up BTC 420 cryptonews.com /3 years ago
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