Hi
Once again we are looking at logarithmic Bitcoin chart from all the history avaliable in TradingView library.
So we have 9 years historical chart and a channel in which Bitcoin is touching it's bottom and tops. Again and again.
This year was special. The candles almost flew of the historic movement channel and I was worried that this could mean multi year bear market, BUT
Bitcoin has decided to rapidly climb back in his channel and continue his path to 100k USD.
If we Zoom out this much, we can see interesting thing about RSI indicator and where we are now and how high it goes when bull market kicks in.
Buckle up the next 12 month could bring us the iconic $100,000 price target.
Once again we are looking at logarithmic Bitcoin chart from all the history avaliable in TradingView library.
So we have 9 years historical chart and a channel in which Bitcoin is touching it's bottom and tops. Again and again.
This year was special. The candles almost flew of the historic movement channel and I was worried that this could mean multi year bear market, BUT
Bitcoin has decided to rapidly climb back in his channel and continue his path to 100k USD.
If we Zoom out this much, we can see interesting thing about RSI indicator and where we are now and how high it goes when bull market kicks in.
Buckle up the next 12 month could bring us the iconic $100,000 price target.