BTC Weekly RSI - Bear Market Is Nearly Over
Updated
2014/15 cycle shows similarities to 2021/22. The weekly RSI was never lower than it was in June 2022 and it has never bottomed below 30 twice in a cycle, though it nearly did in 14/15. It is turning upward again and I expect it to continue that trajectory.
Note
Like clockwork.
Note
Now that we've had the rise in price, the btc weekly RSI is around 57. Interestingly, this sharp jump has happened after the last two bear markets too, though not to the degree that it did this time.
2015 -
and 2019 -
Could we have a repeat of 2019? Or we will see another drop before an inevitable rise like 2015?
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