Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”

Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”

Bitcoin price is back at nearly $57,000 and is less than $10,000 away from a new setting a new all-time high and heading back into price discovery mode. It is also moments away from re-entering the RSI bull zone, which in the past has led to cryptocurrency cycle climaxes and a bear market to follow. Here is a closer look and what to watch for. Bitcoin Price Readies Aggressive RSI “Bull Zone” Reentry Bitcoin price action doesn’t behave like other assets. Its speculative nature helps it to follow technical analysis well, but remains highly volatile. But in some cases, when....


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Tomorrow is the last day of the month of July, and Bitcoin is at a pivotal moment in its lifetime. The crossroads of a possible bear market or bullish continuation is here, and the path chosen will dictate the trend for potentially months or years to come. The monthly timeframe could provide clues as to what might be next, and we’ve got five ultra bullish technical charts and reasons why Bitcoin is more likely to blast off than fall further from here. Critical Monthly Close Could Determine Crypto Cycle Crossroads Bitcoin is back at around $40,000 after a long drawn out and dramatic....

Bitcoin Price Movement Due

Bitcoin price trend remains up but a downward correction prior to the next wave of advance remains likely. We’re waiting for price to either surge higher or make a surprise downward correction but the market’s uncertainty to choose a direction keeps price action on a tightrope. Overhead is the 1hr 200MA and below a support zone near $600. We have MACD ready to pop above zero and its signal line (magenta circle) – a bullish indication. The stochastics (blue circle, top) are rising from their minimum which is also bullish. Of course, we’d like to see an explosive upward price move here, but....