BTC price upside ‘yet to come’ at $29K after Bitcoin RSI reset — trader

Bitcoin (BTC) has actually not yet seen the majority of its gains this cycle, one popular trader believes.In a tweet on Aug. 3, Credible Crypto doubled down on his bullish BTC price thesis.Credible Crypto: Bitcoin still to see “biggest upside moves”After over a month of acting within a tight trading range, traders persistence with Bitcoin is using thin.Amid expectations that BTC price will evaluate levels closer to $25,000 or even lower, Credible Crypto is one of those arguing the opposite.Analyzing data including Bitcoin market cap dominance and its relative strength index (RSI), he concluded that conditions had been reset. Source: Credible Crypto/TwitterRSI measures the rate strength of a possession at a particular rate point, and is presently combining on day-to-day timeframes after Bitcoins July spike to 1 year highs stopped working to sustain.Credible Crypto meanwhile is understood for his optimism when it comes to how Bitcoin will progress in the coming year and beyond.As Cointelegraph reported, in June, he forecasted that BTC/USD would require just 4 months to challenge its present all-time highs of $69,000 seen in November 2021. Just wait up until we break into phase 2 on the 3 Week RSI … Early bull market rate action, duration.