Bitcoin has shown signs of continued strength after a recent pullback on June 5th. The 1000-day RSI may offer valuable insights for traders and investors seeking to understand the trajectory of this potential bull market. 5th June witnessed a significant drop in Bitcoin’s price due to an online clash between U.S. President Donald Trump and Elon Musk, former CEO of SpaceX. This disagreement impacted Tesla stock, leading to a 11.7% decline on the same day. The crypto space, including Bitcoin, experienced a corresponding decline but quickly recovered over the weekend. Some market participants expressed concern regarding the potential end of the bull run following this recent volatility, prompting questions about its trajectory. Alphractal’s analysis highlighted that the 1000-day RSI has recently broken free from a descending trendline, similar to past bull run cycles. The platform suggests a breakdown below the 1000-day RSI could present an opportunity for selling, while potential for further gains in the current cycle still exists. Bitcoin’s performance during the first half of 2021 near the 3.2 times multiple of its realized price provides further context. This level has not been breached yet, suggesting that the bull run may have more room to expand before encountering significant resistance. Interestingly, a parallel with the 2021 bull run, where the 400-day moving average acted as support during an upward rally, offers another perspective on potential future trends. While this cycle may exhibit similarities to previous cycles, it’s essential to acknowledge that each bull run presents unique characteristics. The 1000-day RSI is a crucial indicator worth monitoring, possibly signifying the peak of the current bull market.