Is It Time to Buy the Dip in Bitcoin (BTC)? The indicator that has brought huge increases in the last two years is giving... thumbnail
Is It Time to Buy the Dip in Bitcoin (BTC)? The indicator that has brought huge increases in the last two years is giving...
cryptonews.net
started the new week with a decline, a news about Mt.Gox payments caused the BTC price to fall below $ 61,000. investors are worried about further declines, some market analysts also predict that the decline may continue. $ 50,000 levels were being discussed, experienced analyst Ali Martinez analyze
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  • started the new week with a decline, a news about Mt.Gox payments caused the BTC price to fall below $ 61,000.
  • investors are worried about further declines, some market analysts also predict that the decline may continue.
  • $ 50,000 levels were being discussed, experienced analyst Ali Martinez analyzed the historical performance of the Relative Strength Index (RSI)
  • Martinez emphasized that Bitcoin's daily RSI has reached the oversold zone only three times in the last two years.
  • the BTC RSI is currently at 28, the analyst said that this indicates an oversold situation.

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