All signs indicate the launch of Bitcoins – this is what the experts see

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Based on reports on mustache analytics, Bitcoin It can prepare for the next huge traffic. The world’s largest cryptocurrency increased above $ 105,000 for the second time this week. During the press, it traded almost USD 104,000, which is an escalate of 0.50% in the last 24 hours.

Historical RSI breaks can signal a modern push

According to the charts shared with a mustache, the monthly Bitcoin (RSI) relative force indicator tends to go to the territory bought just before the main rallies. In July 2013, Bitcoin took $ 66, and then jumped to almost USD 1120 until November, when RSI reached high levels.

A similar jump took place in May 2017, when BTC increased from around USD 1,300 to $ 700 to December. On April 1, 2021, Bitcoin reached USD 64,800 RSI He climbed again beyond the usual range. In 2024, these RSI peaks appeared on March 1 for 73,800 USD and again in November, when they cleaned $ 100,000.

Whales arrange bitcoins and retail sales

Based on reports from the data provider on the topic SingleGigantic owners collect coins, even when smaller investors move to the side. Over the past 10 days, wallets from at least 10 BTC have increased by 231 addresses.

At the same time, retail wallets containing from 0.001 to 10 BTC fell by 37,460 addresses. This change suggests that huge players operate the last dips as a chance to buy. In previous cycles, similar whale movements appeared before lasting price benefits.

Completed but not exhausted

Analysts warn that the purchased RSI does not always mean immediate growth. In previous Bitcoin runs, he often stopped or withdrew for a few days, and even weeks before the start of a real rally.

Sometimes RSI was elevated, while prices drifted sideways. For example, in 2017, the correction occurred after a high RSI, but the wider level of growth continued. Today’s RSI is close to the same levels – and it can stay there for a while.

Bitcoin is now trading for USD 103,933. Chart: TradingView

What next for Bitcoin

Investors will look beyond technical guidelines. Macro events, ETF movements and regulatory ads can manage the next direction. If the institutions are still gathering and retail sales will avoid, price pressure will develop.

But an unexpected header or change of politics can go differently. For now, the intersection of high RSI and the growing demand of a whale suggests a configuration that fueled the previous madness of bulls.

A distinguished picture from Unsplash, TradingView chart

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