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Bitcoin Weekly RSI Signals Growth Until May 2022 | 20,000 Next?!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin , BTCUSD , on the weekly timeframe continues to aim higher... Let's have a closer look at the RSI , multiple milestones have been hit this week... Let's get into it.

BTCUSD (W) RSI:
Here we can notice that the RSI hit above 80 for the first time since December 2017 when Bitcoin hit it's All-Time High ( ATH ).

When Bitcoin first hit this high on the weekly RSI , it continued to grow straight for 550+ days.

If we get similar action starting now, November 2020, we will see prices continue to increase with higher highs and higher lows until the year 2022 in May.

Wow! Do you think is possible?
Just wait, there is more...

One of our readers left a comment telling about this Bitcoin rally, there is something different to it, we all get the feeling that it isn't "natural"... What is really going on?

The last time we saw Bitcoin enter its bull-run mode, there was a tremendous amount of hype, lots of FOMO, and retail buyers jumping in by the loads, but this is not the situation we are witnessing these days...

We have a very shy/inactive market, so why is there no correction, why does Bitcoin continues to grow every single day?

It is very possible that big institutions or big Governments like the USA are buying Bitcoin by the boatload.

When this is happening, there is no reason at all for selling, because if they are buying is for the long-term, they know that something massive is going on.

Regardless of speculation, we continue to see Bitcoin move higher with no corrections at all... And with no retail/dumb money buying, this means that we are in a new cycle we haven't seen before.

Bitcoin might be looking at really low prices right now and we might see $30,000, $50,000, $80,000, or more in the years to come... Of course, time will tell...

But we know one thing for sure, Bitcoin always go 10X higher, than what most people think is possible for it to go.

I recall those days when it was impossible to hit $3,000 for Bitcoin , at least that was what many were saying all across... Bitcoin surprised everybody and hit $20,000+.

This might just be the beginning...

With this simple indicator, the RSI , we are getting the signal that Bitcoin might be entering a new bull-run mode.

What's your take?

Leave your comments in the section below!

Previous ideas:

1) Nov 12 | Bitcoin , I Got It Wrong How High Can It Really Go? Leave Comment

2) Nov 9 | Bitcoin Ascending Channel + Altcoins Market Update

3) Nov 8 | Bitcoin Love ❤️ Aims At $17,250 Followed by $31,285

4) Nov 1 | I ❤️ Bitcoin To $30K? Hits Highest Level Since Jan. 2018

This is Alan masters...

Thanks a lot for your continued support.

Namaste.
Comment: Here we have some altcoins that are also growing together with Bitcoin (BTCUSD) such as YFIBTC, XRPBTC, LTCBTC & More...

YOUR SUPPORT IS APPRECIATED!

✳️ YFI "V Bottom" | Bullish Momentum Building Up!

✳️ Curve (CRV) Strong Consolidation, Volume Increases (Over 800%)

✳️ TRON (TRX) Is Also Ready To Reverse... See Inside!

✳️ Ripple Can Continue And Hit Up To $0.40 (XRPUSD)

✳️ Ripple vs Bitcoin (XRPBTC) "W Pattern" Targets

✳️ Tellor (TRB) Project Overview + Chart Analysis

✳️ Bitcoin Cash (BCH) Early Reversal Signals

✳️ Wrapped NXM (WNXM) Overview + New Move Mapped

✳️ MDT Continues... Gaining Strength

✳️ Litecoin Starts To Move (Next Target Mapped)
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Comments

Excelent advice
Tks
+3 Reply
alanmasters wtarlater
@wtarlater, Thanks a lot.

@phreaktech, Thanks for the support.

Namaste.
+2 Reply
Happy to know you, Master
+3 Reply
alanmasters RyodaBrainless
@RyodaBrainless, Thanks for the support. 😊🙏🏼
+1 Reply
Very interesting view with the RSI. Otherwise I agree. This is not a game for retail, but a big game with 2 possible results. 1. Never seen before and permanent highs 2. BTC dead and 0. We will see. Please never forget, that Bitcoin is still an extremely small and easily manipulated, vulnerable asset. Anything can happen. If any government or big institution want to control it or even totally eliminate it, it's not a big problem to realise it with time.
+2 Reply
alanmasters Barrabert
@Barrabert, In the first few years, Bitcoin was "killed" more than 100 times...

Maybe is not that easy to take down as many governments opposed and they couldn't do anything about it.
Reply
perfect ALAN 🙏💚
+2 Reply
and what it can happen if whales start too selling all and buying deep?!
+1 Reply
alanmasters phreaktech
@phreaktech, Selling all and buying deep?

What do you mean... It would only be a shakeout, stop-hunt/false move, whatever you want to call it.

It really depends on how deep this selling would be.

Can you be more specific on your question?
+2 Reply
phreaktech phreaktech
yes master...for example if square or grayscale start to sell all in same time what can happen after that sell?
+2 Reply
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