Bitcoin Rally Heats Up as Momentum Indicator Hits Bullish Zone

Bitcoin's 14-week RSI momentum indicator has crossed above 70, indicating a potential FOMO phase ahead like in 2019 and 2020 bull runs.

RSI above 70 suggests bullish momentum is strong and bitcoin could continue rallying in the coming weeks.

The default RSI period is 14 days but traders use 14-week and 14-month versions to gauge long-term momentum.

RSI measures the speed and change of price movements and oscillates between 0 and 100.

Macro developments can override technical patterns so traders should watch for potential black swans.