Since the start of the bullrun when bitcoin on the daily enters overbought zone above 70 on the RSI things start moving very quickly upwards.
We have a average of 32 days in this overbought zone so far in this bullrun , resulting in major acceleration in momentum. Since the 8th of January though we have been making higher lows.
I think breaking this key resistance formed on the RSI will be a major indicator of parabolic move possibly even leading to 100k. Using Fib time zones I keep getting the date April 10th , is it possible we cross the RSI over 70 on this date triggering huge momentum?
We have a average of 32 days in this overbought zone so far in this bullrun , resulting in major acceleration in momentum. Since the 8th of January though we have been making higher lows.
I think breaking this key resistance formed on the RSI will be a major indicator of parabolic move possibly even leading to 100k. Using Fib time zones I keep getting the date April 10th , is it possible we cross the RSI over 70 on this date triggering huge momentum?
Note
Daily RSI has broken the resistance formed , next step for massive momentum is entering above 70 zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.