The $BTC RSI has reached its bottom level.



The current RSI is lower than the bottoms of 2019 or 2015.

Furthermore, the top of a cycle is typically formed when the RSI is above 90. However, the RSI peak of this cycle is just 80.

In other words, there was no real bull rally in this cycle, and $BTC has hit bottom again.
BTC-4.82%
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OpcodePoet
· 2h ago
The market lows of 2015 and 2019 have already been breached, but this time the macro environment is completely different—don’t draw the wrong conclusions like the man who cuts a mark into a boat and expects it to match the river as it flows.
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FrictionlessFred
· 2h ago
If it hasn't topped 90, it's not considered a top;
Then does a bottom that hasn't broken the previous low count as a bottom?
Let's wait and see the trading volume.
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GateUser-e130bc45
· 2h ago
RSI breaks below previous low + peak value only at 80, this wave indeed hasn't truly been bullish. Is this now considered the cycle bottom?
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