A historical study seems to suggest that RSI divergence similar to what we have in recent weeks is not typically a reliable marker of long term tops of BTC. Of the 6 major instances of apparent RSI divergence since 2013, 2 were accurate top markers, and neither of those two had a declining volume profile as well, although several of the false signal instances did.
RSI divergence on the weekly is along not enough to call a Bitcoin top, and we must look elsewhere if we wish to make an educated guess as to where we are in the Bitcoin bull cycle.
RSI divergence on the weekly is along not enough to call a Bitcoin top, and we must look elsewhere if we wish to make an educated guess as to where we are in the Bitcoin bull cycle.
