The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark Monday after reaching extreme oversold levels on May 9.
Related posts
-
Bitcoin hits record highs, but the next big profits could lie in these 5 cryptos
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Bitcoin MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
Ethereum lags behind Bitcoin but is expected to reach $14K, boosting RCOF to new high
Disclosure: This article does not represent investment advice. The content and materials featured on this page...