ChartSpartan

Bitcoin's long term trend

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Using a log chart we can see the long term trend in Bitcoin made by the 2013 and 2017 peaks. Reaching this resistance level would trigger a sell signal, currently between $200,000 - $300,000. Notice how the RSI peaked twice in 2013 and 2017 at around 96. In the current cycle we have not reach this level once, indicating we are not at a top yet...

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