Bitcoin Bull Run Is Official According To Monthly RSI, More Bullish Than 2017
Bitcoin is now trading well above $20,000, and at this point will never again see under five-digits. And although the clean break of $20,000 was proof enough that a massive bull run was here, the Relative Strength Index has also breached into bull territory for the first time since 2018. Comparing past crypto market cycles, Bitcoin is already far more bullish this time around than it was back in 2017. That rally took the crypto […]
Related News
Bitcoin's last six monthly candles have closed green, tying its previous record streak for bullish monthly candles. Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.BTC/USD since 2012, 1m candles:....
Bitcoin and its altcoin brethren are back bullish, both on individual price charts but also when looking at the total crypto market cap at large. The aggregate of all major and minor cryptocurrencies has fully reentered the bull zone on the monthly RSI, which could indicate that the bull market will blast back off any day now. Total Crypto Market RSI Returns To Bull Zone The study of technical analysis is subjective. The practice has nearly as many naysayers as crypto does, yet others swear by it. There is also much debate over what charts are worthy of such analysis. For example, charting....
Crypto pundit Master Kenobi has remarked that the Dogecoin price is giving 2017 vibes. This presents a bullish outlook for DOGE, given the foremost meme coin’s price action in the 2017 bull cycle. Dogecoin Price Replicating 2017 Bull Run In an X post, Master Kenobi stated that the Dogecoin price is giving 2017 vibes, indicating […]
Crypto analyst Master Kenobi has revealed that the Dogecoin price is mirroring a bullish pattern from the 2017 bull run. In line with this, he predicted that DOGE could reach the much anticipated $1 level and provided a timeline for when this could happen. Dogecoin Price Mirroring 2017 Bullish Pattern In an X post, Master […]
Bitcoin’s all-time price highs in 2021 have crushed records set in 2017. But that’s not the only way in which this bull run is different. The post Bitcoin 2017 Vs. 2021: How This Bull Run Is Different appeared first on Bitcoin Magazine.