Bitcoin RSI copies 2017 bull run as trader says $75K key for BTC price
Bitcoin could be preparing its “main breakout” if RSI traits follow the run-up to old $20,000 highs from late 2017.
Bitcoin (BTC) is quietly copying a key feature from the 2016 bull market which kicks in at $75,000.
In a post on X (formerly Twitter) on May 24, popular trader Jelle eyed what could become the next “main breakout” for BTC price action.
Bitcoin analysis often points to similarities between the current bull cycle and those gone by — notably the two most recent: 2016-17 and 2020-21.
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Author: William Suberg
