Bitcoin Bull Run Is Official According To Monthly RSI, More Bullish Than 2017

bitcoin more bullish 980x457

Bitcoin is now trading well above $20,000, and at this point will never again see under five-digits. And although the clean break of $20,000 was proof enough that a massive bull run was here, the Relative Strength Index has also breached into bull territory for the first time since 2018. Comparing past crypto market cycles, Bitcoin is already far more bullish this time around than it was back in 2017. That rally took the crypto asset from $1,000 to $20,000. And if things are more bullish already, could this peak be even higher than what the past cycle’s trajectory would suggest? Beast Mode: Relative Strength Index Reading Reaches Bull Market Level Today is December 17, 2020, three full years after Bitcoin topped out in 2017 after becoming a household name. That year alone, the leading cryptocurrency by market cap spiked from $1,000 to over $20,000. It is only fitting that…

Read the original article here