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Analyst on the Chain: Bitcoin RSI Currently in Oversold Territory Again

Analyst on the Chain: Bitcoin RSI Currently in Oversold Territory Again

Bitget2024/06/24 11:54

According to on-chain analyst Ali, Bitcoin's daily Relative Strength Index (RSI) has hit oversold territory three times in the past two years, causing the BTC price to spike 60%, 63%, and 198%, respectively. Bitcoin is now below $62,000 and the RSI is once again in oversold territory.

2

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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