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Analysis: Bitcoin's Relative Strength Index (RSI) Continuously Declining, Showing Similar Divergence to 2021 Bull Peak
Summary: According to reports, crypto analyst @ali_charts released a chart analysis indicating that while Bitcoin's price continues to maintain at new highs, the Relative Strength Index (RSI) is continuously declining, showing a divergence similar to the peak before the 2021 cycle. RSI (Relative Strength Index) is a widely used technical analysis indicator to measure the speed ...
According to reports, crypto analyst @ali_charts released a chart analysis indicating that while Bitcoin's price continues to maintain at new highs, the Relative Strength Index (RSI) is continuously declining, showing a divergence similar to the peak before the 2021 cycle.
RSI (Relative Strength Index) is a widely used technical analysis indicator to measure the speed and magnitude of price changes, determining whether the market is in overbought or oversold conditions. RSI ranges from 0 to 100, with above 70 typically considered an overbought signal, implying potential price correction risks.
Below 30 is usually considered an oversold signal, suggesting prices may be too low and could soon rebound.
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Link: Analysis: Bitcoin's Relative Strength Index (RSI) Continuously Declining, Showing Similar Divergence to 2021 Bull Peak [Copy]
