
Arhum
@arhum
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If you missed #Bitcoin at $25,000 and $52,000, don't make the same mistake again.
In this bull run, the 45 level on the Weekly RSI has been a strong support zone, marking the previous two local bottoms.
The first test happened when BTC marked a low of $25,000. From there, the price pumped by 193% and reached $73,100.
The second test happened when BTC marked a low of $52,500. From there, the price pumped by, 107% taking it to $109,400.
The third test just happened, with Bitcoin marking a low of $76,600.
If this RSI support holds and if it only reaches back till the falling trendline, we could see a 64% pump from here.
That would also align with the 1.618 Fibonacci extension level, putting Bitcoin around the $128,000 mark. 0 reply
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