This is also evident on key technical indicators:
RSI: Current streak above 40.000 = 45 days (longest since ATH ).
CCI: Current streak above -100.000 = 45 days (longest since ATH ).
TSI: Current streak above 0.000 = 35 days (longest since ATH ).
Can this be a strong indication of sustainability? It certainly is a sign of accumulation of buyers after the December bottom. This is a lengthy process and the longer the price trades above those levels, the stronger the foundation of the accumulation phase gets.
Read more on Bitcoin's cycle's and phases below:
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='Bitcoin: Roadmap to the next Halving. Reward phases and cycles.' class="js-image-lazy-load">
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