This is a big deal...

From a technical perspective, bitcoin just did something that is a big deal.

For the last 7 months the RSI has been trending down with lower highs and lower lows the entire time.

You may recall the price peaked a lot less than 7 months ago, which should give some hints that RSI tends to be a leading indicator.

Which means price often follows what it does....

(Source: https://twitter.com/BitParabolic/status/1418702997232754699/photo/1)

I fully expect the RSI and price to trend up for the coming months.

Not sure if it will be 7 full months, but I think it could be pretty close... something around the 5 month range sounds about right to me.