$BTC Is Bitcoin Headed to $40K? The Monthly RSI Says: Watch Closely.
The 1M RSI has once again reached a historical buy zone that previously marked major cycle bottoms. However, BTC is currently testing a critical support area.
Possible Scenarios:
🟢 Bullish: Strong support holds and Bitcoin rebounds toward $70K+.
🔴 Bearish: If key monthly support breaks, a deeper correction toward the $40K region becomes possible.
Don't trade based on emotions. Wait for confirmation before entering. Monthly charts move slowly, but they often define the next major trend.
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1. $AGLD (+61.24%) AGLD has delivered a powerful breakout with exceptional buying volume. After such a sharp rally, chasing the price carries higher risk. Wait for a healthy pullback or consolidation before considering an entry.
🎯 Targets: +10% / +20% / +35% from a confirmed support zone.
2. $JTO (+34.18%) JTO is showing strong bullish momentum and continues to attract buyers. If the price holds above the recent breakout level, the uptrend could continue.
🎯 Targets: +8% / +15% / +25%
3. $PUNDIX (+24.93%) PUNDIX has broken out of its short-term range with increasing volume. A successful retest of support could provide a better risk-to-reward entry.