Bitcoin hit a weekly Rsi below 40 for the 4th time in 10 years of its history. I marked every time in the white rectangles. This has always been the best time to buy and indicates a confirmed cycle bottom. Stack now because by next halving in 2024 the days of affording btc will be over
This is the historic 4th time in 10 years the bitcoin weekly chart Rsi has went below 40. We have held this support as the cycle bottom since 2013 only breaking below temporarily during the black swan COVID crash of 2020. All logic points to this being the bottom. Whales and exchanges want to trick you into selling and buying back higher don’t do it.
The weekly Rsi has only went below 40 5 times in 10 years confirming the bottom of the bear market. We have held this support line as our bottom for 10 years and only broke below it temporarily during COVID March 2020. We have held 30k for over a year with historic Rsi lows. Calling for us to go lower is not following any logic whatsoever. Do not be tricked into...