$BTC Overbought Oscillators (To worry or not to worry?)

So many who follow me, or any other technician for that matter, who incorporates the use of the RSI/Stochastic into their work will find that there is always a sense of anxiety as the oscillators run hot (Overbought). However, as I detail in this chart, we have actually had similar readings prior to our run up to $65K. While oscillators are incredibly important to time entries for traders on shorter time frames, or entries and exits on longer time frames for investors, they are NOT the end all be all when not used in conjunction with other technical factors. So while we are approaching technically overbought levels, it is not cause for alarm unless a confluence of other indicators are in alignment. If we actually extrapolated from the last overbought reading we would actually find that $BTC ran up another 115% from that level. If that were to happen going forward we would be looking at nearly a $100K Bitcoin. The key for now is to break our resistance Zone that I detailed in my last chart. THAT IS THE MOST CRITICAL AREA FOR BOTH BULLS & BEARS!!!!