Bitcoin
Long

BITCOIN Monthly RSI Heatmap reveals ultimate Cycle Sell Zone!

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Bitcoin (BTCUSD) has resumed the long-term bullish trend and as of the writing of this analysis, it is about to test the $100k key psychological level. Now that the Bull Cycle is entering its final stage (most likely for the next 6 months at most), it is time to see potential exit levels as close to the expected Top as possible.

There is no better long-term indicator to assist us on this than the 1M RSI, which historically offers a great level to Sell when it enters the 0.786 - 1.0 Fibonacci range of its Channel Down. Currently it is still considerably distanced from that Zone, so the upside potential despite the recent break-out, is huge.

The Sine Waves indicate that in symmetrical terms, the Cycle Top should be priced around November 2025 (previous ones on November 2021, December 2017, December 2013). The closer the 1M RSI is to this date when it enters the 0.786 - 1.0 Fib Zone, the better as the higher the price will most likely be.

Based on this Cycle's Channel Up (blue), a fair Cycle Top range would be $150k - $200k. Would you agree? Feel free to let us know in the comments section below!

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