A long-term bullish graphic sign on $BTC has appeared↗️

Monthly, the RSI has just exceeded 70.

This is the threshold indicating the FOMO phase of the mid-2019 and late 2020 bull rallies.

This indicator is widely used by traditional finance, which could encourage it to enter into bitcoin.

A level above 70 generally represents an overbought situation and a signal of an impending downtrend. However, when it comes to the long-term outlook for $BTC, an RSI above 70 indicates that the bullish momentum is strong and the asset could continue to rise in the coming weeks, similar to what happened in 2019 and 2020.

$BTC #BTC