Analyst Moustache suggests the next major Bitcoin rally may be imminent as historical RSI patterns show promising signs.
Bitcoin is showing signs of momentum, with its price spiking above $106,000 for the second time this week. At press time, it is trading at $105,254, reflecting a 0.79% increase over the last 24 hours.
Meanwhile, Moustache, an analyst on X, suggests that Bitcoin could be entering a crucial phase that has historically signaled the start of major rallies.
Key Historical Patterns
Moustache’s analysis highlights consistent historical patterns in Bitcoin’s price behavior. According to charts shared by the analyst, Bitcoin’s major rallies have typically coincided with the RSI entering overbought territory. This is often a signal of strong upward momentum.
For example, in 2013, Bitcoin rose from $67 in July to nearly $1,127 by November. During that period, the RSI surged into the overbought zone. While a correction followed, the broader trend remained upward.
A similar pattern occurred in 2017, when BTC climbed from around $1,305 in May to $19,800 by December. Again, the RSI spiked, briefly overheated, and then corrected before Bitcoin resumed its rally.
The same behavior was seen during the 2021 bull run. Bitcoin hit $64,803 by April 1, with the RSI once more entering overbought territory. A short correction followed, but the price continued climbing, reinforcing the cyclical pattern.
In 2024, Bitcoin showed two more RSI peaks: one on March 1 when it hit $73,830, and another in November when it surpassed $100,000.
Now, with the monthly RSI approaching overbought conditions again, Moustache suggests that this could mark the beginning of Bitcoin’s “real” rally, based on historical precedents.
#Bitcoin$BTC monthly RSI is so close to entering overbought territory.
The real run starts with this. Look at the past and you know why. pic.twitter.com/8O1Z8RDuNs
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) June 19, 2025
Bitcoin Whales Accumulating Amid Retail Pullback
In parallel with technical indicators, on-chain data from Santiment reveals a notable shift in investor behavior. Over the past 10 days, the number of Bitcoin whale wallets holding at least 10 BTC has increased by 231. This trend suggests that large holders are taking advantage of recent price dips to accumulate more BTC.
In contrast, smaller retail wallets (those holding between 0.001 and 10 BTC) have declined by 37,465 addresses, indicating a pullback from retail investors.
This divergence suggests a significant redistribution of BTC from retail to whales, a dynamic often preceding bullish price movements. Historically, increased whale accumulation alongside retail selling has been a precursor to upward price trends, signaling growing confidence among large-scale investors.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
