Bloomberg Analyst: Bitcoin RSI Indicator May Be Near Bottom

01月
21
2022-1-21 18:47
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Bitcoin's Relative Strength Index (RSI) has entered the "magical" 30-40 range, according to a survey by Bloomberg market analysts on Jan. 21. Historically, Bitcoin has sold strongly when the RSI is below 40. The RSI indicator was created in 1978 by stock and commodity analyst J. Welles Wilder. BTC's RSI has been showing "oversold" since January. (U.Today)

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