BTC weekly RSI before halvings
Vertical blue lines represent the halvings.
Take a look at the RSI values from the past halvings periods and compare it to the upcoming halving.
We are already in the highly overbought area with the extreme greed index (82) and the ATH.
My opinion is the price must go down in order for the rise to be sustainable so I expect a significant pullback... although with BTC you never know...
Take a look at the RSI values from the past halvings periods and compare it to the upcoming halving.
We are already in the highly overbought area with the extreme greed index (82) and the ATH.
My opinion is the price must go down in order for the rise to be sustainable so I expect a significant pullback... although with BTC you never know...
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