JUST IN: The Relative Strength Index shows #Bitcoin is now at the most oversold level of ALL-TIME
The RSI — or Relative Strength Index — is one of the most closely watched momentum indicators in trading. It runs on a scale of 0 to 100, and when it falls below 30, markets are considered "oversold," meaning selling pressure has become extreme relative to recent history.
This reading isn't just low — Bitcoin's 7-day RSI has dropped below 30 for only the third time in its entire history, making this a genuinely rare moment in the asset's lifecycle #bitcoin
The RSI — or Relative Strength Index — is one of the most closely watched momentum indicators in trading. It runs on a scale of 0 to 100, and when it falls below 30, markets are considered "oversold," meaning selling pressure has become extreme relative to recent history.
This reading isn't just low — Bitcoin's 7-day RSI has dropped below 30 for only the third time in its entire history, making this a genuinely rare moment in the asset's lifecycle #bitcoin
