Recent tweets from various users indicate that the Bitcoin daily RSI has reached low levels, with historical data suggesting a potential price increase. Previous instances of RSI hitting similar levels corresponded to Bitcoin prices around $25k-$26k. This current oversold condition has not been seen since August 2023, potentially signaling a significant market event.
Bitcoin Daily RSI was sold out in this flush (see arrows) - the last time Bitcoin Daily RSI was sold out was mid August 2023. This is a significant event marking the bottom of the next fractal. #Bitcoin https://t.co/lxaXtcL1Rv
$BTC/usdt 4 hr oversold AF July idea LFG 🚀🚀 https://t.co/PhFFgYcLwL
$BTC/usdt 4 hr July idea LFG 🚀🚀 https://t.co/DsUa1gxvvw
#bitcoin daily RSI oversold for first time in 10 months when $BTC was $26,000 https://t.co/5pdjdoVB1B
The last time #Bitcoin RSI was at this level on the daily chart the price was just $26,000. Every time Bitcoin RSI has hit these levels in the last 2 years it has bounced back STRONGLY within days/weeks. #BuyTheDip in bull markets... 👀 https://t.co/gD0MFmaoqN
$BTC DAILY RSI is finally touching oversold (has not closed there yet). This is the first time since August, 2023. RSI did not even go oversold when Bitcoin recently hit $56,000. https://t.co/FAuUdoC6QM
The last time the BTC daily RSI was this low the price of Bitcoin was $25k
$BTC/usdt DAILY Last 2 times DAILY RSI approached 30, it kick started the next leg up in price, LFG 🚀🚀🚀 https://t.co/BITJCAwMpz
$BTC/usdt DAILY Last 2 times DAILY RSI hit 30, it kick started the next leg up in price, LFG 🚀🚀🚀 https://t.co/qz4ekSjxd8
$BTC/usdt 4 hr the path to $72k is clear LFG 🚀🚀 https://t.co/EGJHyLvTfw