BTC’s current reading is its highest reading since January 2021. Since 2018, BTC’s RSI has been higher than 84 just 25 times. This isn’t to say that an asset can’t stay overbought for extended periods. The 91 RSI level reached on Jan 8, 2021, was followed by a 15% increase in price 30 days later. It should be monitored.
Related posts
-
Bitcoin Payments App Strike Launches for European Customers
Strike, a product of Chicago-based Zap Solutions that is led by entrepreneur Jack Mallers, launched in... -
Bitcoin Minetrix presale enters final stage ahead of exchange listing
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Solana Memecoins WIF, Bonk Surge By Double Digits: Here’s Why
Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), have registered substantial gains over the past 24...