Mclobster

Bitcoin top is many months away

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BITSTAMP:BTCUSD   ビットコイン/米ドル
The Bitcoin top is many months away according to the monthly RSI. Looking at the previous tops 2013,2017 and 2021 the rsi on the monthly topped out at 91-97. It's currently at 78 so if this top resembles the previous tops we have a few more months to go on this bull. Also there is a chance for a double top on the rsi like in 2013 and 2021 in which case we have additional months left. Interesting to see that the top in 2022 didn't correspond to a new top in the rsi which is in line with my feeling of that the sentiment top was in fact in 2021 not in 2022.
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