Bitcoin's monthly Relative Strength Index is the second most oversold cyclically – more so than the 2014 and 2018 bear market bottoms
The RSI is in a downtrend, making lower highs and lower lows each cycle top and bottom since 2017 – which is the current momentum peak I believe it makes a lower low again and reaches true oversold territory on the monthly RSI for the firs time ever
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin's monthly Relative Strength Index is the second most oversold cyclically – more so than the 2014 and 2018 bear market bottoms
The RSI is in a downtrend, making lower highs and lower lows each cycle top and bottom since 2017 – which is the current momentum peak
I believe it makes a lower low again and reaches true oversold territory on the monthly RSI for the firs time ever