Bitcoin Bull Run Is Official According To Monthly RSI, More Bullish Than 2017

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 closes six monthly green candles for the first time since 2013

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:....

Total Crypto Market Cap Reenters Monthly RSI Bull Zone

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....

Dogecoin RSI Signal Returns—Last Time It Sparked A 1,700% Rally

Dogecoin is approaching a familiar inflection on the monthly chart that previously preceded its most explosive advances, according to a new high-timeframe analysis from Kevin (Kev Capital TA) published on September 11. The analyst argues that a fresh stochastic RSI (stoch RSI) cross to the upside on the monthly timeframe—now forming but not yet above the 20 threshold—echoes the technical regime that fueled Dogecoin’s prior cycle blow-offs. Dogecoin Explosion Imminent? “Back in February 2017, Dogecoin got a V-shaped stock RSI cross above the 20 level and it went on another rally… 1,852%,”....

Crypto Pundit Says Dogecoin Price Is Giving 2017 Vibes – Here’s What Happened...

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 […]

Dogecoin Price Is Mirroring This Bullish Pattern From 2017, Next Stop $1.1?

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 […]