#GT# #BTC# #XRP# #ETH# #DOGE# Bitcoin reaches 110 thousand Dollar: The momentum of the Relative Strength Index is increasing as traders look forward to the monthly close - Is history repeating itself with a breakout of 30 thousand Dollar or more? The bullish momentum in the market is strong and we haven't seen it for months.

Historically, breaches of the Relative Strength Index have led to massive gains of $22,000 and $33,000, so a new rise may be possible.
Traders now expect a strong close near $111,544 in the remaining ten days to determine the direction.
Bitcoin's monthly RSI exceeded 70, indicating it is entering the overbought zone, a noticeable new development several months ago. The price rise coincided with this shift, as Bitcoin is currently trading at $110,470, recording a rise of 3.8% over the past twenty-four hours. With ten days to go until the end of the menstrual cycle, this ongoing momentum raises questions about whether this momentum will surpass previous breakouts in terms of volume.The last two instances of Bitcoin's monthly RSI entering the overbought zone have led to significant price movements. The candlestick that marked the first breakout of this level added $22,200 to the price, while the second candlestick recorded a profit of $33,000. These rallies not only confirmed the momentum, but also served as signals of broader bullish cycles in the market.

Bitcoin is gaining strength as the Relative Strength Index approaches the breakout zone.
Currently, the Relative Strength Index (RSI) for Bitcoin is trading at 64.16, indicating that the market is in a neutral momentum, awaiting further breakout into overbought areas. Furthermore, the MACD line shows bullish momentum, trading above the signal line.📈💯🔥🔥🚀🥰