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.
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.


