Analyst says Bitcoin’s RSI Forming Rare Bullish ‘W’ Setup
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
Crypto analyst EGRAG CRYPTO has dismissed claims that Bitcoin’s current bull run is finished, arguing that technical indicators point to more upside. In a recent post, the analyst pointed to Bitcoin’s monthly Relative Strength Index (RSI), which is forming what he described as a “super bullish W formation.” According to him, if this setup completes, it will guide Bitcoin precisely to its next major cycle top.
“Anyone saying Bitcoin is done likely doesn’t understand technical analysis,” EGRAG wrote. He emphasized that as long as the RSI doesn’t fall below the 60 range, the bullish thesis remains intact.
The key level, he explained, is maintaining momentum above 60 before potentially targeting the 90 range, which historically coincides with euphoric price peaks. Dropping back to 60 and reattempting the climb would take too long on a monthly scale, making this cycle’s timing critical.
EGRAG also framed the situation as one of probabilities. “The ‘W’ formation is a strong bullish signal, and I believe it’s unlikely to fail,” he said, stressing that the next 2–4 months will decide the outcome.
He added that Bitcoin will either surge into what he calls “Valhalla” or risk a collapse he refers to as “ValHell,” highlighting the high-stakes nature of the current setup.
With Bitcoin hovering near record highs, many traders will be watching the RSI closely to see if the rare formation delivers the bullish breakout EGRAG anticipates.
Commentaries 
Fill in necessary fields and publish