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Analysis: Bitcoin's monthly RSI has entered the Overbought zone again, after the previous two instances of Overbought, Bitcoin rose strongly.

2025-05-22 04:21:55

BTC-0.67%

Odaily News encryption analyst CredibleCrypto pointed out on the X platform that the monthly relative strength index (RSI) of Bitcoin has once again entered the overbought territory after several months. He reviewed the market performance during the last two times the monthly RSI entered the overbought area, when the monthly K-line rose by $22,200 and $33,000 respectively.
Currently, the price of Bitcoin has risen by about 18,000 USD this month, with approximately 10 days left until the monthly close.

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