Sky-high prices may seem hard to imagine, but so far, bullish metrics are simply repeating previous bull market years, charts show.
Bitcoin (BTC) is headed to what is arguably a mathematically “programmed” all-time high of $200,000 or more, the latest data hints.In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin’s relative strength index (RSI).2021 Bitcoin RSI simply follows the patternWhile still lingering below targets such as those of stock-to-flow, BTC/USD is not short on bullish price predictions for both this year and beyond.RSI, a classic indicator used for identifying overbought and oversold markets at a particular price, is joining them, suggesting that the second phase of the 2021 bull run is just getting started.Just as Bitcoin price action has gone in four-year cycles, so too has RSI exhibited patterns of behavior through the years. “Each cycle h
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