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This is very clean.
When you take emotions out of it and just observe Bitcoin on the 1M with simple metrics...
You can see its just in one massive uptrend, with a breakout and retest of previous ATH...
Every cycle.
Whats interesting is that every cycle:
- BTC at least tags the 1M 50EMA
- At least tags its old ATH
- Never closes a candle below its old ATH
- RSI resets to a very similar level
The main difference this cycle is that the RSI never entered overexpnasion.
From a TA perspective, this is very clean.
If we were to close a monthly candle below $61,400 it would be the first time it has ever closed below a previous 1M ATH candle reading.