ilmscore | Bitcoin: Relative Strength Index

Bitcoin: Relative Strength Index

Published: 2025-03-18
Status: Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
If Bitcoin's weekly RSI holds its current support level (around 44), Bitcoin could experience a correction similar to 2017, potentially retesting its 2024 high (around $70-73k).
"If the weekly RSI here holds as support, then it might just be sort of the 2017 correction where Bitcoin basically tests the 2024 high."
BTC
Pending
If Bitcoin fails to hold its current weekly RSI support or experiences a weekly close below its 2024 high of $73,000, the market will likely enter a phase similar to the 2019-2020 cycle, characterized by a prolonged downturn until the Federal Reserve intervenes.
"If it does not hold as support, meaning if Bitcoin gets sort of a weekly close below 73K, below the 2024 high, then I I think you more so want to watch what happened over here in the 2019 2020 cycle."
BTC
Pending
The peak Bitcoin price observed in March 2024 was a midcycle top for the current market cycle, not the ultimate market cycle top.
"This cycle, the twoe RSI also hit this trend line, but it hit it back in in March of 2024. And that's when we basically said this is likely a midcycle top. Right? The March top is a midcycle top, not a market cycle top."
BTC
Pending