This Technical Indicator Predicts Bitcoin above $300K by 20218.2

The bitcoin price could discover new highs above $300,000 by 2021, according to a popular technical indicator.

Dubbed as the Stochastic RSI, the indicator helps investors identify oversold and overbought conditions inside the market. It indicates a probable change in the direction of a price trend. GalaxyBTC, a pseudonymous cryptocurrency analyst, applied Stochastic RSI on the monthly bitcoin chart and compared the indicator’s past performance with the cryptocurrency’s price behavior.

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