$BTC #Bitcoin #BTC ⚡️Bitcoin on the Monthly Time Frame (TF).

Historically, BTC reaches highs when the RSI indicator on the Monthly Timeframe reaches levels above 90.

The chart shows price peaks and RSI peaks.

In the current cycle, we have reached the RSI level of 77. This is similar to 2016, when we reached the RSI level of 79, but then we saw a local correction and there were sideways movements near the maximum for several months. We can say that we cooled down the RSI and knocked out extra passengers. And only then we set off to continue rapid growth.

Even if we don’t see the RSI move to the area of ​​96-97, as in previous cycles, then nothing terrible will happen. To reach $100-150k, it will be enough to reach the RSI level of 90-92.

And one more conclusion: if we know that RSI above 90 means that the price is near the peak, then this is a good zone for exiting positions and for making new purchases from the correction. https://t.me/CryproTato