Tag: rsi

Jul 24 2021

Jul 06 2021

Bitcoin (BTC) Price Could See a Bullish Reversal if RSI Can Breakout of This Trendline

Jul 06 2021 Published at Coingape under tags  bitcoin news bitcoin price btc btcbrl btcbusd

Bitcoin price is currently trading at a crucial juncture under $35K, a break above this key resistance could potentially push the top cryptocurrency back into bullish domains. A key indicator is on the verge of breaking out of the 6-month long downtrend which could potentially lead to a reversal from the current bearish price trends. The post Bitcoin (BTC) Price Could See a...

Jan 04 2021

Bitcoin Weekly “Relative Strength” More Powerful Than Record 2017 Rally

Jan 04 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price over the holidays touched nearly $35,000 per coin, starting off 2021 with an enormous bang. Last week's candle was the largest in the asset's history, dollar for dollar, with over $8,000 added from open to the top of its wick. It also resulted in such a powerful reading on the weekly Relative Strength Index, it now trumps the momentum seen in...

Oct 21 2020

Bitcoin Overbought Above $12K But Analysts Understate Drop Fears

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt rsi xbtusd

Bitcoin rose above $12,000 on Wednesday for the first time since August 2020 but signaled an imminent price correction as it entered a so-called "overbought" area. The readings on Bitcoin's 14-day Relative Strength Index pushed above 70, a level above which an asset's...

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