A simple technical indicator in weekly time frame indicates that we still have enough time for a cycle top. It is completely in line with my recent posts based on on-chain data. #bitcoin #kcpclub
BLUE: We can see an RSI divergence where RSI declines even though the price keeps increasing, which indicates that the price trend is not strong and may not last long. It is our reference here.
PURPLE: RSI trend and price trend are in harmony while the RSI is still lower compared to the previous “local top”, which is an indication of trend continuation.