With that being said, in the chart above I identified that: | LibreCharts

With that being said, in the chart above I identified that:

1. The RSI formed a 'lower high' for the first time after its series of 'higher highs' combined with 'higher lows' (this is a key way to assess trend for oscillators and momentum indicators like RSI, Stoch, Accum/Distrib., etc.)

2. RSI is aligned with price (no divergence); confirming the hypothesis that this recent downturn isn't a fake-out but rather a genuine exhaustion of bulls

Good News

This is all really fucking healthy and I like that. This is the type of bull market you can sleep easy in.

The gains are good, but we're seeing periods of profit-taking as well as corrections that are definitely wake-up calls but not earth-shattering by any means.

Investor sentiment on Bitcoin or the crypto markets, in general, don't seem to be impacted either.