After seeing a 5% correction from our recent BTC ATH of $123k we are starting to see a few warning signs as momentum starts to decline.
Looking only at our RSI and price I have outline the last 3 time we have seen something similar since 2021. Without going into too much detail normally what we see is an RSI TOP followed by a retest + rejection right at the 70 level (overbought conditions).
We saw it at our market cycle high in 2021 that started the bear market (75% correction).
We saw it at our March 2024 high that started a mid cycle correction (33% correction).
And we are seeing it now after our recent 2025 ATH that has started a very mild correction so far (5%).
This does not mean it is the end of the world but absolutely something market participants need to be paying attention to as this is a make or break signal;.
If we see momentum continue to decline it could lead to our bull market structure being broken and lead us into a bear market that we have historically seen going into the new year.
However this correction can easily be negated to produce a strong bull market continuation move. All we need to see is bulls start to push our strength back above the 70 level (overbought conditions) and we can see the next leg of the bull market really kick off (WITH A CLOSE ABOVE).
For now pay attention to the weekly RSI as of the time of this post our strength has been declining from where we have seen previous tops align with.
Looking only at our RSI and price I have outline the last 3 time we have seen something similar since 2021. Without going into too much detail normally what we see is an RSI TOP followed by a retest + rejection right at the 70 level (overbought conditions).
We saw it at our market cycle high in 2021 that started the bear market (75% correction).
We saw it at our March 2024 high that started a mid cycle correction (33% correction).
And we are seeing it now after our recent 2025 ATH that has started a very mild correction so far (5%).
This does not mean it is the end of the world but absolutely something market participants need to be paying attention to as this is a make or break signal;.
If we see momentum continue to decline it could lead to our bull market structure being broken and lead us into a bear market that we have historically seen going into the new year.
However this correction can easily be negated to produce a strong bull market continuation move. All we need to see is bulls start to push our strength back above the 70 level (overbought conditions) and we can see the next leg of the bull market really kick off (WITH A CLOSE ABOVE).
For now pay attention to the weekly RSI as of the time of this post our strength has been declining from where we have seen previous tops align with.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.