🪙4 Important Signs That Predict Bitcoin's Timeline
The continued rise of Bitcoin (BTC) has led many investors to expect that the coin will reach $100,000 in the near future.
🚀 Bitcoin Monthly RSI
✅ According to in-depth analysis from @thescalpingpro, the monthly RSI (Relative Strength Index) has shown its ability to accurately predict past price peaks of Bitcoin. RSI is an essential technical analysis tool that helps investors determine whether the market is overbought or oversold.
⭐️ On-chain Signal: Cyclical PnL Index
✅ Ki Young Ju, CEO of CryptoQuant, pointed out a notable on-chain indicator called Cyclical PnL Index. He emphasized that predicting a Bitcoin price correction is not an easy task, especially in a volatile and emotional market. He said: “The investment fever can last indefinitely, so I will enjoy the uptrend until the bearish signs appear.”
🛸 Technical and On-Chain Composite Index: CBBI
✅ CBBI (Crypto Bull and Bear Index) is an index that synthesizes 9 signals from both technical and on-chain analysis. When CBBI crosses the 90 point level, it usually indicates that Bitcoin is about to undergo a strong correction.
🏆 Fear and Greed Sentiment Index
✅ The Fear and Greed Index is a familiar index in the investment community. This index is often based on the philosophy of “being fearful when others are greedy”.
