An asset’s risk-reward ratio in relation to investor conviction and confidence is shown by the Reserve Risk Indicator (RRI), a cyclical indicator. It oscillates on a neutral line, and crossings on this line are highly significant. After crossing the 0 line in 2013, 566% in 2014, 6,400% in 2017, 99% in 2019, and 487% in 2021, the value of bitcoin has increased by 2,830%. In 2015, bitcoin fell by 79%; in 2019, 62%; in 2020, 61%; and in 2022, 58%. The recent movement of the 2023 rally above the 0 line indicates that BTC holders can anticipate a significant rally in the coming months. The likelihood of a black swan or a white swan prompting an unanticipated selloff or accelerating the rally.
Is BTC in early stages of a long-term bull rally? This historically accurate indicator suggests…
