Bitcoin RSI Analysis from 2011
No. of Times RSI went Below 30 on Weekly: 3
No. of Halvings in BTC Till Now: 3
White Vertical Line represents when RSI went below 30 or equivalent to 30.
Red Vertical Line represents Halving.
N.B.: This is a weekly chart, so halving date might be different as it counts weekly candles.
1st:
- RSI Below 30: 14th Nov, 2011
- Halving: 28th Nov, 2022
- Growth from Bottom to ATH in 1st Phase: 37,152%
2nd:
- RSI Below 30: 12th Jan, 2015
- Halving: 9th July, 2016
- Growth from Bottom to ATH in 2nd Phase: 8189%
3rd:
- RSI Below 30: 10th Dec, 2018
- Halving: 11th May, 2020
- Growth from Bottom to ATH in 3rd Phase: 1783%
Average Days Before Halving when RSI goes Below 30: 371 (1st Phase) + 546 (2nd Phase) + 518 (3rd Phase) / 3 = 478 Days
So 478 Days before Predicted 4th Halving brings us in First week of Dec 2022.
That will be the expected time when Bitcoin RSI will be below 30 and will be the best possible buy for next 4-5 years.
Hope you will like this analysis.
No. of Halvings in BTC Till Now: 3
White Vertical Line represents when RSI went below 30 or equivalent to 30.
Red Vertical Line represents Halving.
N.B.: This is a weekly chart, so halving date might be different as it counts weekly candles.
1st:
- RSI Below 30: 14th Nov, 2011
- Halving: 28th Nov, 2022
- Growth from Bottom to ATH in 1st Phase: 37,152%
2nd:
- RSI Below 30: 12th Jan, 2015
- Halving: 9th July, 2016
- Growth from Bottom to ATH in 2nd Phase: 8189%
3rd:
- RSI Below 30: 10th Dec, 2018
- Halving: 11th May, 2020
- Growth from Bottom to ATH in 3rd Phase: 1783%
Average Days Before Halving when RSI goes Below 30: 371 (1st Phase) + 546 (2nd Phase) + 518 (3rd Phase) / 3 = 478 Days
So 478 Days before Predicted 4th Halving brings us in First week of Dec 2022.
That will be the expected time when Bitcoin RSI will be below 30 and will be the best possible buy for next 4-5 years.
Hope you will like this analysis.
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