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Bitcoin RSI Nears Oversold Levels That Historically Triggered Major Rallies


by Martin Young
for CryptoPotato
Bitcoin RSI Nears Oversold Levels That Historically Triggered Major Rallies

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Bitcoin’s average price behavior after the RSI (relative strength index) drops below 30 has nearly always rebounded, according to the macro research head at Global Macro Investor, Julien Bittel.

He shared a chart showing the average market path the last five times Bitcoin’s RSI broke below 30. The analyst also rejected the popular belief that Bitcoin follows a four-year cycle tied to its halving events.

Read the article at CryptoPotato

In This News

Coins

$ 85.98K

-0.71%

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In This News

Coins

$ 85.98K

-0.71%

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Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops

Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops

Gold and silver hit fresh highs on Tuesday while Bitcoin slid back under $89,000, sen...
Asia Market Open: Bitcoin Slides As Asian Markets Take Cues From Tech Recovery

Asia Market Open: Bitcoin Slides As Asian Markets Take Cues From Tech Recovery

Bitcoin slipped to about $85k as Asian stocks steadied after a tech rebound, with mar...

Bitcoin RSI Nears Oversold Levels That Historically Triggered Major Rallies


by Martin Young
for CryptoPotato
Bitcoin RSI Nears Oversold Levels That Historically Triggered Major Rallies

Share:

Bitcoin’s average price behavior after the RSI (relative strength index) drops below 30 has nearly always rebounded, according to the macro research head at Global Macro Investor, Julien Bittel.

He shared a chart showing the average market path the last five times Bitcoin’s RSI broke below 30. The analyst also rejected the popular belief that Bitcoin follows a four-year cycle tied to its halving events.

Read the article at CryptoPotato

In This News

Coins

$ 85.98K

-0.71%

Share:

In This News

Coins

$ 85.98K

-0.71%

Share:

Read More

Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops

Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops

Gold and silver hit fresh highs on Tuesday while Bitcoin slid back under $89,000, sen...
Asia Market Open: Bitcoin Slides As Asian Markets Take Cues From Tech Recovery

Asia Market Open: Bitcoin Slides As Asian Markets Take Cues From Tech Recovery

Bitcoin slipped to about $85k as Asian stocks steadied after a tech rebound, with mar...