Bitcoin to See Macro Bull Run as Key RSI Cross Happens<\/strong><\/h2>\nAnalysts are eyeing a strong Bitcoin rally as key long-term technical trends show through.<\/p>\n
Pseudonymous quantitative analyst “PlanB” recently shared the chart below, which shows that Bitcoin’s one-week RSI is about to cross above a historical bull market level. This should result in an extremely strong rally in the months ahead if the price holds that level:<\/p>\n
“If you missed 2013 and 2017 bull markets: current <\/span>#bitcoin<\/a> <\/span>price rise to $16K is just a small taste of what will come next. We are just warming up.”<\/p><\/blockquote>\n![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/EmyxqpYWEAEnsMt?format=png&name=small\")
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Chart of BTC's price action over the past decade with an analysis by crypto trader PlanB (@100trillionusd on Twitter). Source: BTCUSD from TradingView.com<\/a><\/pre>\nRelated Reading: Tyler Winklevoss: A \u201cTsunami\u201d of Capital Is Coming For Bitcoin<\/a><\/h6>\nNot the Only One<\/strong><\/h2>\nHe’s not the only one that thinks this is the case.<\/p>\n
Josh Rager, a cryptocurrency trader, recently shared the chart seen below. It shows that Bitcoin is likely to rally 700-1,000% in the upcoming bull run as Bitcoin seems primed to set a new all-time high on a monthly basis:<\/p>\n
\u201cEvery time BTC has closed above the previous monthly all-time high \u2013 a 700% to 1000% uptrend has followed. November could be the first monthly close that we see breaking the previous high and historically that\u2019s been a very bullish sign for the crypto market\u201d<\/p><\/blockquote>\n
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/EmcQKo3XUAABr8Q?format=jpg&name=small\")
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Chart of BTC's price action since the start of it trading with analysis by crypto trader Josh Rager (@Josh_Rager on Twitter).\r\nSource: BTCUSD from TradingView.com<\/a><\/pre>\nThe devaluation of the U.S. dollar and a relative rally in Bitcoin against gold is expected to push prices higher.<\/p>\n
As Robert Kiyosaki, the famous author and entrepreneur behind the book \u201cRich Dad Poor Dad,\u201d recently said:<\/p>\n
“If you missed 2013 and 2017 bull markets: current <\/span>#bitcoin<\/a> <\/span>price rise to $16K is just a small taste of what will come next. We are just warming up.”<\/p><\/blockquote>\n He’s not the only one that thinks this is the case.<\/p>\n Josh Rager, a cryptocurrency trader, recently shared the chart seen below. It shows that Bitcoin is likely to rally 700-1,000% in the upcoming bull run as Bitcoin seems primed to set a new all-time high on a monthly basis:<\/p>\n \u201cEvery time BTC has closed above the previous monthly all-time high \u2013 a 700% to 1000% uptrend has followed. November could be the first monthly close that we see breaking the previous high and historically that\u2019s been a very bullish sign for the crypto market\u201d<\/p><\/blockquote>\n The devaluation of the U.S. dollar and a relative rally in Bitcoin against gold is expected to push prices higher.<\/p>\n As Robert Kiyosaki, the famous author and entrepreneur behind the book \u201cRich Dad Poor Dad,\u201d recently said:<\/p>\nChart of BTC's price action over the past decade with an analysis by crypto trader PlanB (@100trillionusd on Twitter). Source: BTCUSD from TradingView.com<\/a><\/pre>\n
Related Reading: Tyler Winklevoss: A \u201cTsunami\u201d of Capital Is Coming For Bitcoin<\/a><\/h6>\n
Not the Only One<\/strong><\/h2>\n
Chart of BTC's price action since the start of it trading with analysis by crypto trader Josh Rager (@Josh_Rager on Twitter).\r\nSource: BTCUSD from TradingView.com<\/a><\/pre>\n