So are we at the peak for Bitcoin in this period of its life. The answer lies in the weekly RSI (Relative Strength Index):
If you see on the previous highs the RSI which is represented by the red bottom line was much higher. For those that are new, the RSI shows how strong the stock in terms of buying and selling. If its above 50 its usually a buyers market. and below 50 its a sellers market. U can see on the previous highs it was about 30 percent higher then today. I don't have access to further back data, but the RSI has hit the 90 fish level a few times. and then corrected . Usually BTC will have 2 runs in the space of 6 months. as you can see from the chart above. So we are at run 1 and expect a 50 percent corrects, run 2 should reach at least 5k to 10k a coin. I have to cut this article short and will post a part 2 when I have time.
So we have about 3 more weeks until the big correction maybe 2.