Long Term RSI for BTC is... same volatility, accelerated value

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
YOY, bitcoin preserves the same monthly RSI . Overselling, overbuying all looks the same. Same darn pattern. But the last months exhibit such dramatic price rises, you have to think that the core BTC buyer is committed to BTC . Why? They perceive the same structural weakness across economies, worldwide, and that BTC is an agreed store of value. My chart omits total volume , only price momentum as RSI . So what does that say about the BTC fundamentals? It suggests that similar, periodic price momentum exists indepent of value. Thus, a radical increase in price has the same price momentum as prior, more conservative price regimes. BTC is perceived among its core buyers as a safe reserve of value, and they will continue to buy it. Whose dollar matters the most in the BTC market? The core investor, who are exponentially richer now, than then. They will drive the market for the coin long and short term.
Comment: takeaway: long term bullish BTC
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out