THE RSI INDICATOR WILL TELL YOU WHEN BTC REACHES THE NEW ATH
If we look at the RSI indicator on the BTC monthly chart, we can see a very interesting pattern. In fact, we can see that for both cycles preceding the current one (perhaps also for the first cycle but unfortunately we do not have the data), the indicator had signaled the top very precisely: both bull runs ended once the IRS closed above the mid-uptrend overbought RSI signal. To date, we can say that this pattern is also repeating itself in this cycle: we had the first overbought RSI signal (fake), followed by the classic correction (bear trap) and then the resumption of the uptrend which, if this strategy is correct, will end when the IRS closes above the March 2021 signal.
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