August 2024 has produced another successful (so far!) retest of the ~60 level on RSI on the monthly Bitcoin chart. The last two cycles have seen a cycle top 16 months and 14 months after the successful retest and gains of ~28x in 2017 and ~6x in 2021. Just an observation really and past performance is no guarantee of future results but 14-16 months from now...
Hidden bull div confirmed on weekly RSI and lots of people becoming very bullish into weekly horizontal resistance and broken trendline retest confluence. Let the battle commence!
Falling wedge on 4hr and bouncing off longer term steady uptrend support