The weekly chart did reach an overbought condition, so anything can happen in the near term. However, the monthly chart shows a strong break out to the upside. A strong move is expected from the halving in April 2024 through most of 2025. That is if sentiment is positive the way it was after previous halvings.
If a similar move occurs again, then Bitcoin could reach a deep overbought level on the monthly chart, which could take the price to new highs.
You can read the full article at this link: seekingalpha.com/art...frame-price-analysis
If a similar move occurs again, then Bitcoin could reach a deep overbought level on the monthly chart, which could take the price to new highs.
You can read the full article at this link: seekingalpha.com/art...frame-price-analysis