Analysis: Bitcoin monthly RSI enters overbought range again, Bitcoin rises strongly after two previous overbought periods

Odaily News Crypto analyst CredibleCrypto pointed out on the X platform that Bitcoin's monthly relative strength index (RSI) has entered the overbought area again after several months. He reviewed the market performance when the monthly RSI entered the overbought area twice in the past, when the monthly K-line rose to $22,200 and $33,000 respectively.
Currently, the price of Bitcoin has risen by about $18,000 this month, with about 10 days left to close the month.