BTC price upside 'yet to come' at $29K after Bitcoin RSI reset — trader
Bitcoin is still preparing for a BTC price "parabolic advance" with a popular metric laying the foundations, says Credible Crypto. Bitcoin (BTC) has not yet seen the majority of its gains this cycle, one popular trader believes. In a tweet on Aug. 3, Credible Crypto doubled down on his bullish BTC price thesis. Credible Crypto: Bitcoin still to see "biggest upside moves" After over a month of acting within a tight trading range, trader s’ patience with Bitcoin is wearing thin. Amid expectations that BTC price will test levels closer to $25,000 or even lower, Credible Crypto is one of those arguing the opposite. Analyzing data including Bitcoin market cap dominance and its relative strength index (RSI), he concluded that conditions had been reset . “Biggest upside moves on BTC are YET TO COME,” he summarized. “A month of sideways action on BTC and dominance has simply made a higher low. H12 bullish div confirmed, RSI on higher TF looks reset, maintaining above the ...