Bitcoin top is many months away

13 mar

The Bitcoin top is many months away according to the monthly RSI. Looking at the previous tops 2013,2017 and 2021 the rsi on the monthly topped out at 91-97. It's currently at 78 so if this top resembles the previous tops we have a few more months to go on this bull. Also there is a chance for a double top on the rsi like in 2013 and 2021 in which case we have additional months left. Interesting to see that the top in 2022 didn't correspond to a new top in the rsi which is in line with my feeling of that the sentiment top was in fact in 2021 not in 2022.