Historically, BTC/USD has recovered from 70%+ RSI levels after bouncing off of 30% RSI to reach new All-Time-Highs.
Currently, we are in the correction after being above 70% RSI when BTC/USD was at 19.9k USD. As we near 30% RSI (under-valued BTC) I feel that BTC/USD will bounce off of 30% RSI like it did historically and make another positive-trend run towards 70%+ RSI, as we look towards 15-17k potential.
Currently, we are in the correction after being above 70% RSI when BTC/USD was at 19.9k USD. As we near 30% RSI (under-valued BTC) I feel that BTC/USD will bounce off of 30% RSI like it did historically and make another positive-trend run towards 70%+ RSI, as we look towards 15-17k potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.