Part 3/8:
Currently, the RSI stands at 73, a slight decrease from November’s 75. While this figure is still above the neutral mark of 50, indicating an ongoing uptrend, it has not yet reached the speculative territory of 80 or above, which typically characterizes vigorous bull markets.
Historical patterns suggest that an RSI of over 80 is indicative of strong bullish momentum. The question for market observers remains whether this price trajectory will align with those steep upward slopes noted in past cycles or whether a more tempered, continuous rise will occur. However, the outlook remains optimistic, with projections hinting at several months in 2025 experiencing RSI values exceeding 80.