When to Book Profits in Bitcoin?

2024年10月14日

Bitcoin technical analysis update

Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.

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Hexa

2024年11月4日

交易進行

BTCUSDT monthly RSI update: 65

2024年11月5日

交易進行

BTCUSDT price could reach its peak by the end of the third quarter of 2025

2024年11月5日

交易進行

BTC When to sell?

As shown in the chart above, in the previous Bitcoin cycle, we had a 1,065-day bull run from the bottom. This cycle could potentially follow a similar pattern, suggesting we have one year of bull run remaining. The 1,065 days will be completed on October 30, 2025.
BTCUSDT

2024年11月23日

註釋

BTCUSD Monthly RSI reached 76.