Although $BTC price in May closed in the red for the previous three years, it is generally a neutral month that has ended with positive returns six times in the last 12 years, with the average returns standing at 11.41%.
If that would be the case this year, then #Bitcoin will close May at around $65,000.
We just added real-time market status, countdown until market close/open, and business day/weekend/holiday notifications to Economic Calendar and Bitcoin ETF Tracker tools.
Just imagine the smell. Did you know that if $FLOKI reaches the market cap of $DOGE it would be worth $0.0021 or a whopping x12.85 its current price? 📈
During the last two bull runs one of the best macro top indicators was simple RSI on 1 month timeframe. Every time it crossed over 90 on 1M—topping at 97 in 2017 cycle and at 92 in 2020-2021 cycle—it marked the pico macro top for Bitcoin and therefore the end of the bull run.
Well, the good news is that currently the crypto market is neutral to only slightly overbought on the monthly timeframe. $BTC 1M RSI is at 69 and $ETH 1M RSI is at 62 whilst most of other top 100 coins comfortably sit below 60 RSI.
What does it mean? Relax during the dips and enjoy the ride.