Bitcoin is due for some serious bull market price action

It's been over 3 years since the 12 month RSI has been over 75, which means we are due.

Yes we have had some nice bounces over the last several years, but nothing showing that bitcoin is running hot.

Sees:

(Source: https://twitter.com/100trillionUSD/status/1306888161625243649/photo/1)

Based on its relation to its halving events, we are now in the late red stage and entering the orange/yellow stages.

If you look back historically, these colors were when bitcoin tended to run the hottest for the longest period of time.

We are just now entering that period.

This is just another in a long line of list of indicators pointing towards bitcoin being about ready to explode higher.

What do you think?

Posted Using LeoFinance