Bitcoin's daily Relative Strength Index (RSI) has reached oversold levels not seen since August 2023, with the RSI touching below 30. The last time Bitcoin's RSI was at this level, the price was around $26,000. Historically, when Bitcoin's RSI has hit such lows, it has bounced back strongly within days or weeks, indicating potential buying opportunities in bull markets.
In case you forgot: Last year $BTC bottomed on June 15 and promptly rallied 28% into mid-July before double-bottoming in mid-September. Daily RSI reached ~18.5 at that time. Right now it sits at 24. We are close ⌛️ https://t.co/0grK98z4RB
#Bitcoin daily RSI hits levels not seen since August 2023 when $BTC was around $25,000 Use this information as you please
$BTC BITCOIN RSI IS NOW BELOW 30 LAST TIME THIS HAPPENED WAS AUGUST 2023 https://t.co/miJmhcpNCR
#Bitcoin is now the most oversold it has been in almost a year, going by the 4 hour RSI level. https://t.co/FOmOhSx8NX
#Bitcoin Daily RSI currently at 27 Last time it was this oversold: 2023: 1) Aug 2023 2) Mar 2023 2022: 3) Nov 2022 4) Sep 2022 5) June 2022 6) May 2022 7) Jan 2022 2021: 8) May 2021 Demand for the asset has NEVER been higher (e.g. institutions, pension funds, billionaires,… https://t.co/pRrCLqzzFS
#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