BTC - Monthly Chart - RSI Breakout
Bitcoin's history shows that a key indicator to monitor is the RSI on the monthly timeframe.
Every time the monthly RSI breaks out above the moving average, BTC exits out of the bear market with an explosive rally. The vertical, dashed green lines illustrate the RSI breakouts, which typically occur every 3.5 to 4 years.
The most recent example was April 2019, when BTC surprised the world by breaking through the 6K resistance.
With all the fear and uncertainty circulating the global markets, BTC will once again prove to the world why it is the best performing asset in history.
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