Bitcoin Daily RSI Breakout

After more than half a year, the daily relative strength index has finally put in a higher high – it still may be too early too celebrate on a potential relief rally as we now need to put in a higher high on the price action. We have a lot of milestones to go but at least the bulls now get a point in their favor by taking out the milestone. If the price of Bitcoin is unable to put in a higher high, look for a potential retest of the daily RSI downtrend line (and hopefully we can hold it as support this time).

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Disclaimer: The information presented within this video is NOT financial advice.

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