The Australian info Glassnode experts are pointing out one traditionally bullish signal for Bitcoin (BTC) that formerly triggered dynamite rallies for the top crypto property by market cap. Glassnode co-founders Jan Happel and Yann Allemann state that Bitcoin has “crushed” numerous important resistance levels and is now at a point of conditioning momentum. The experts no in on BTC’s relative strength index (RSI), which is generally utilized to gauge an property’s momentum. With Bitcoin’s RSI now above the 70 level, the experts state that based on history, BTC might be on track for another big relocation to the upside. “We evaluated our proprietary routine shift and concluded that we were transitioning from a bearish to a bullish environment. The weekly chart strengthens our view. A long-lasting bullish pattern was verified, momentum is structure up, and from the looks, it’s just the starting. Notice how the last time RSI crossed 70, bitcoin tookoff. The RSI is now starting to be overbought and might stretch greater towards the 100 mark, as it is the standard with bullish ma
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