BTCUSD: Upper Bollinger broke. Insane rally starting.

9 Dis

Bitcoin is almost neutral on its 1D technical outlook (RSI = 55.590, MACD = 41.64.200, ADX = 13.674) due to today's correction but on the 1W timeframe, its RSI remains borderline overbought (RSI = 71.357). This heavily favors buying as Bull Cycles thrive on overbought valuations. On top of that the price crossed over the upper Fibonacci trendline and in all past Cycles once this happened, it became the support of the most aggressive rally of the Cycle. Stay bullish but be ready to start selling after September, at the top of the Time Cycle.



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