{"id":348155,"date":"2021-10-04T17:00:46","date_gmt":"2021-10-04T14:00:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak\/"},"modified":"2021-10-04T17:00:46","modified_gmt":"2021-10-04T14:00:46","slug":"200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak\/","title":{"rendered":"# $200K BTC price &#8216;programmed&#8217; as Bitcoin heads toward 2nd RSI peak"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35a9636f6d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35a9636f6d6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak\/#2021_Bitcoin_RSI_simply_follows_the_pattern\" >2021 Bitcoin RSI simply follows the pattern<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak\/#%E2%80%9CToo_programmed%E2%80%9D\" >&#8220;Too programmed&#8221;?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># $200K BTC price &#8216;programmed&#8217; as Bitcoin heads toward 2nd RSI peak <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) is headed to what is arguably a mathematically &#8220;programmed&#8221; all-time high of $200,000 or more, the latest data hints.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1444980886089474052\">series of tweets<\/a> on Oct. 4, popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> commentator TechDev highlighted familiar bullish behavior in Bitcoin&#8217;s relative strength index (RSI).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2021_Bitcoin_RSI_simply_follows_the_pattern\"><\/span>2021 Bitcoin RSI simply follows the pattern<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While still lingering below targets such as those of stock-to-flow, BTC\/USD is not short on bullish price predictions for both this year and beyond.<\/p>\n<p>RSI, a classic indicator used for identifying overbought and oversold markets at a particular price, is joining them, suggesting that the second phase of the 2021 bull run is just getting started.<\/p>\n<p>Just as Bitcoin price action has gone in four-year cycles, so too has RSI exhibited patterns of behavior through the years.\u00a0<\/p>\n<p>&#8220;Each cycle has had 2 peaks. 2021 now moving toward its second,&#8221; TechDev explained.<\/p>\n<p>In each four-year cycle, RSI hits a peak at a level slightly lower to the last &#8211; this likewise helps to identify a cycle top slightly in advance. Where BTC\/USD will be at the time, however, is a much less exact <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>.<\/p>\n<p>&#8220;Interesting to note the 8 year downtrending resistance,&#8221; TechDev added.<\/p>\n<blockquote><p>&#8220;We hit that and it&#8217;s probably top. Or at least a place to seriously re-evaluate risk.&#8221;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1444980886089474052\/photo\/1\"><\/a><\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/9233cdd4-b242-4a09-878e-3ff8a8ccf0c5.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin RSI vs. BTC\/USD annotated chart. Source: TechDev\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CToo_programmed%E2%80%9D\"><\/span>&#8220;Too programmed&#8221;?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Further figures suggest that the BTC price top this time around could be $200,000 or more.<\/p>\n<p><strong><em>Related:\u00a0BTC bull run has \u2018at least 6 months to go\u2019 \u2014 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>&#8220;200-300K Bitcoin looks almost too programmed,&#8221; TechDev <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1441423015758241793\">added<\/a> alongside a different chart showing fibonacci levels.<\/p>\n<p>These likewise hinge on the four-year halving cycle, with each peak an order of magnitude higher than the last. For 2021, this means that $20,000 from 2017 should become anything from $200,000 to $300,000.<\/p>\n<p>This neatly coincides with the stock-to-flow cross-asset (S2FX) model, which calls for an average price of $288,000 during the current halving cycle ending in 2024.<\/p>\n<p>Creator PlanB has nonetheless said that local highs during that time could easily be double that average, placing Bitcoin at over half a million dollars.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/200k-btc-price-programmed-as-bitcoin-heads-toward-2nd-rsi-peak\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# $200K BTC price &#8216;programmed&#8217; as Bitcoin heads toward 2nd RSI peak &#8221; Bitcoin (BTC) is headed to what is arguably a mathematically &#8220;programmed&#8221; all-time high of $200,000 or more, the latest data hints. In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin&#8217;s relative strength index&#8230;<\/p>\n","protected":false},"author":1,"featured_media":348156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYjAxYmJkMDUtOWQ5My00ODYxLThiNTEtMWM4ZGZhZDdmNmNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-348155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/348155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=348155"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/348155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/348156"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=348155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=348155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=348155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}