I noticed some very interesting points indicating suppression in Bitcoin. Since the major spike back in December it looks like the crypto cartel is not allowing the RSI to go above 60. If you look at the chart, they are always squashing the runs once it reaches around 60 on the RSI. You see major sell offs at VERY important times and they are always at key reflection points in the market that could majorly affect the direction of Bitcoin. You will also notice huge massive red selloffs at those points.
They have clearly drawn a line in the sand at 60 on the RSI. You can also see that they were really fighting the bulls for the entire month of April until they broke the trend with a huge sell off on May 11th when BTC dropped below $8,900.
They have clearly drawn a line in the sand at 60 on the RSI. You can also see that they were really fighting the bulls for the entire month of April until they broke the trend with a huge sell off on May 11th when BTC dropped below $8,900.
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