Technical analysis by NorseCryptoViking about Symbol BTC: Buy recommendation (8/7/2025)

Guys, take a look at BTC on the monthly chart. It’s interesting—if you look at previous cycles, when the monthly RSI was at the same level as it is now, we weren’t even close to a cycle top. (I'm using BITSTAMP for this since it gives the clearest view of historical price action.) From what I can see, the cycle top will probably land somewhere around RSI 90–95 on the monthly. If we take a more cautious approach, maybe in the 90–92 range. (Of course, this is based on historical price action, and as we've discussed, this cycle could play out differently. Still, I think it's reasonable to expect at least some repeating patterns. And obviously, RSI alone isn’t something we can fully rely on.)