Bitcoin Might Be Hitting a Peak Soon

Crypto analyst @ali_charts thinks Bitcoin could be topping out for now. The signs are there.

RSI patterns look weird. Bitcoin prices keep climbing higher but the RSI numbers? They're actually getting lower. Kind of reminds me of what happened back in 2021, between April and November. Not exactly comforting.

MACD turned bearish this week. Prices dropped too. It's not entirely clear what happens next, but this typically means more downside.

Then there's that MVRV momentum thing. It just had a "death cross" - sounds dramatic, right? It basically shifted from positive to negative. History shows this matters. A lot.

Watch $108,700 closely. That's the big line in the sand. Fall below that on a weekly close? Trouble ahead. Other support zones exist too:

• $104,500 (first real accumulation level)
• $97,000 (where buyers have shown up before)
• $60,000 (the doomsday scenario)

The bulls need two things to happen, according to @ali_charts. Keep that $108,700 support, for starters. And they need that MVRV indicator to show a golden cross again.

It seems we're at a critical juncture. The next few weeks should tell us a lot.