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#Bitcoin daily RSI hits levels not seen since August 2023 when $BTC was around $25,000 Use this information as you please
#Bitcoin Now most oversold since August 2023! 👀 Daily RSI at 26! Miners and other proxies hanging in there - Diversification in the sector between "conventional" miners and HPC/AI tickers is "Saving" my portfolio! https://t.co/LaG8vUdMNz
#Bitcoin Now most oversold since August 2023! 👀 Daily RSI at 26! Miners and other proxies hanging in there - Diversification in the sector between conventional miners and HPC tickers is "Saving" my portfolio! https://t.co/ySSyzZ2HX3
Bitcoin's daily Relative Strength Index (RSI) is approaching its lowest level since August 2023, with the price of Bitcoin near a 5.5-week low. The Nasdaq-100 was trading around 18,500, approximately 6% lower than the current level. The correlation between Bitcoin and the Nasdaq-100 has decoupled during this period, suggesting a divergence in their movements. Previous instances of Bitcoin RSI reaching similar levels have resulted in strong rebounds within days or weeks, indicating a potential buying opportunity in the current market conditions.
