WILL BITCOIN SURPASS $100,000?

The Relative Strength Index (RSI) is a momentum indicator that measures the strength of the price. When the RSI has a value of 70 or more, it is said to be overbought and trending very strongly. The RSI has entered overbought territory in the 2013, 2017, and 2021 bull markets on the Monthly chart. In the previous two rallies, the RSI remained overbought for 427 and 457 days, respectively. If the RSI continues to be overbought for at least 427 days, that would mean that Bitcoin would peak on the 1st of December, which is around the time we expected the rally to end. Therefore, if we were to go by the RSI, the uptrend has not yet reached the half-way point.
This gives us two options:
either BTC will surge past $100,000, or the market will slow down significantly in the coming months. Usually, the most volatility and gains are seen at the end of a trend; thus, Bitcoin surging past $100,000 becomes more probable. However, for this to occur, we would need increased institutional investments and mainstream adoption.