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Based on reports by analysts, mustache, Bitcoin Perhaps the next big move is preparing. The largest cryptocurrency in the world climbed above $ 105,000 for the second time this week. At the time of the press it was traded at almost $ 104,000, an increase of 0.50% in the last 24 hours.
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Historical RSI -Breakouts can indicate a new push
According to the graphs divided by mustache, Bitcoin’s monthly relative strength index (RSI) tends to rise to an overbough territory just before large rallies. In July 2013, Bitcoin was $ 66 and jumped to almost $ 1,120 in November when the RSI reached high levels.
A similar peak happened in May 2017, when BTC rose from around $ 1,300 to $ 19,700 in December. On April 1, 2021, Bitcoin reached $ 64,800 while the RSI Again climbed past the usual range. In 2024, those RSI peaks came to $ 73,800 on 1 March and again in November when it knew $ 100,000.
#Bitcoin$ BTC Monthly RSI is so close to entering overbough area.
The real run starts with this. Look at the past and you know why. pic.twitter.com/8o1z8rduns
– ππ π¦π€π₯ππβπ 𧲠𧲠(@el_crypto_prof) June 19, 2025
Whales pile up Bitcoin while the retail trade withdraws
Based on reports from the data provider at the chain SantimentLarge holders create coins even if smaller investors go aside. In the past 10 days, portfolios rose with at least 10 BTC with 231 addresses.
At the same time, Retail portfolios fell between 0.001 and 10 BTC with 37,460 addresses. That shift suggests that large players use recent dips as a chance of buying. In previous cycles, similar movements of whales have come before persistent price wines.
π Bitcoin’s elite versus mortal portfolios move in two different directions, because the market value is just north of $ 104.3k.
π³ Wallets with 10+ $ BTC: +231 portfolios in 10 days ( +0.15%)
π¦ Wallets with 0.001 to 10 $ BTC: -37,465 portfolios in 10 days (+0.15%)When a big wallet … pic.twitter.com/uhzf6rpyvq
– Santiment (@santimentfeed) June 19, 2025
Overbough
Analysts warn that an overbough RSI does not always mean an immediate increase. In earlier runs, Bitcoin often paused days or even weeks or even weeks before the real rally started.
Sometimes the RSI remained raised while the prices dropped sideways. In 2017, for example, a correction followed the high RSI, but the wider upward trend continued. Today’s RSI is close to the same levels – and could stay there for a while.
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What’s now comes Bitcoin
Investors will look beyond technical signals. Macro events, ETF movements and regulatory announcements can guide the following direction. If institutions continue to gather and the retail trade continues to avoid, the price pressure will develop.
But a surprising head or policy change can go the other direction. For the time being, the intersection of High RSI and increasing whale question suggests a set -up that previously fueled Bull -Frenzies.
Featured image of Unsplash, graph of TradingView