Bitcoin Monthly TF Analysis Historic RSI Trend January 2, 2021 Eric Thies Taking a look at the Bitcoin Monthly Chart, shown here as Brave New Coins BLX Index, it becomes incredibly clear why the 1M Trend is one of the primary indicators many should be tracking on a macro level. With the price sitting at a lovely $30k, we are now reaching new highs that...
$100,000 BTC should be in the back of your mind if it isn't already. Scoffing at the idea? You aren't alone. But with price sitting at $16.6k at this moment, and a historic tendency to break all-time highs after reaching them, one has to consider the logic on what the next trend high looks like, as we approach the current all-time high of $19.5k. Sure there...
Context In November 2020, Bitcoin rose to a local high of $19.5k USD, challenging the all-time high set in December 2017. The run to $19.5k in 2020 occurred after a March low of $3.5k, and was highlighted by an impressive jump from around $10k-$19.5k in the Sept-Nov months. Summary Look for these ranges listed below. Support ranges 2-3 will put this period...