Bitcoin RSI Drops Below 50, Signaling Potential Correction
Bitcoin RSI Drops Below 50, Signaling Potential Correction
Published on
Categories:
Market Analysis
Bitcoin's Relative Strength Index (RSI) has fallen below 50, a move that analysts are closely monitoring. This decline is sparking concerns about a potential major price correction and an increased sell-off, given historical precedents.
Bitcoin’s Relative Strength Index (RSI) has just dropped below 50, sparking major concerns that the BTC price might be heading for another major correction. This move has also prompted analysts to closely watch for signs of an increased sell-off, as they decipher what the new RSI level means for the market. Historically, when the RSI […]