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PlanB: Bitcoin RSI Indicator Reaches 70
Summary: Cryptocurrency analyst PlanB has reported on X platform that the Bitcoin RSI indicator has reached 70. Traditional investors typically use a 30-70 RSI range and may start to worry that BTC is now overvalued; however, Bitcoin's normal RSI range is 40-90, with RSI 70 slightly above average. RSI stands for Relative Strength Index and is ...
Cryptocurrency analyst PlanB has reported on X platform that the Bitcoin RSI indicator has reached 70. Traditional investors typically use a 30-70 RSI range and may start to worry that BTC is now overvalued; however, Bitcoin's normal RSI range is 40-90, with RSI 70 slightly above average. RSI stands for Relative Strength Index and is used to measure overbought and oversold conditions.
