Every time $BTC's monthly RSI hit cycle lows, it marked a major market bottom.
Now, $BTC's monthly RSI is starting to bounce from the bottom zone.
Historically, these RSI cycle lows have been incredibly reliable signals:
1. The pattern is consistent across multiple cycles — when the monthly RSI drops to extreme lows, it's almost always preceded major rallies
2. We're now seeing the RSI beginning to bounce off that bottom zone, which suggests we might be exiting the capitulation phase
3. This technical setup aligns with the typical cycle structure where deep RSI lows coincide with maximum fear and minimum conviction
The key question isn't whether this is a bottom signal — history says it probably is. The real question is timing and magnitude of the next move. RSI bounces from these levels don't guarantee immediate vertical price action, but they do suggest the worst of the drawdown is likely behind us.
Worth watching how this develops over the next few weeks. If the RSI continues to build momentum off this base, it would confirm we're in the early stages of the next leg up.
Now, $BTC's monthly RSI is starting to bounce from the bottom zone.
Historically, these RSI cycle lows have been incredibly reliable signals:
1. The pattern is consistent across multiple cycles — when the monthly RSI drops to extreme lows, it's almost always preceded major rallies
2. We're now seeing the RSI beginning to bounce off that bottom zone, which suggests we might be exiting the capitulation phase
3. This technical setup aligns with the typical cycle structure where deep RSI lows coincide with maximum fear and minimum conviction
The key question isn't whether this is a bottom signal — history says it probably is. The real question is timing and magnitude of the next move. RSI bounces from these levels don't guarantee immediate vertical price action, but they do suggest the worst of the drawdown is likely behind us.
Worth watching how this develops over the next few weeks. If the RSI continues to build momentum off this base, it would confirm we're in the early stages of the next leg up.