BTC's Bullish Momentum :

Analyzing Current Trends vs. Past Bull Runs

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Bitcoin's current upward momentum has defied traditional overbought signals like RSI, highlighting the challenges of relying on lagging indicators during highly bullish markets. The price continues to climb, suggesting that traditional metrics may not be the most reliable tools in such conditions.

Key Analysis :
Indicator Limitations :

Despite RSI showing overbought levels, Bitcoin's price has not reversed, emphasizing the limitations of these metrics in a dynamic bull market.

Historical Patterns :

By examining past bull runs, Fibonacci extensions have been pivotal in predicting price movements.

Fib Projection :

Using a 4.414 Fib extension, historically significant in past bull cycles, projections suggest significant potential for Bitcoin’s price to soar if this trend mirrors prior runs.

Conclusion and Advice :
While current metrics may fail to provide clear reversal signals, historical data offers insights into potential price trajectories. Traders should consider Fibonacci-based strategies and maintain vigilance for significant market shifts.

Always complement technical analysis with market sentiment and broader macro trends for a balanced perspective.

Stay cautious, stay bullish!