Bitcoin Outperforms Major Assets with Nearly 100% Increase in Six Months, Potentially Overbought According to RSI

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Cointime2024/04/11 07:55

By:Cointime

Bitcoin has seen a near 100% increase in value over the past six months, surpassing major assets such as Nvidia and the SP 500. Its Relative Strength Index (RSI) is currently at 79.02, the highest since the 2021 bull market, indicating potentially overbought conditions. According to trader Josh Olszewicz, Bitcoin is outperforming most major assets, making everything else "look like junk". Despite concerns of overbought conditions, Bitcoin continues to outperform other digital assets and indices, including the CoinDesk 20 Index.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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