A follow -up is a follower that Bitcoin (BTC) may suddenly turn into a single key index.
In a new post, Crypto Trader Rekt Capital Recount Its 542,500 followers on the social media platform X The Relative Power Index (RSI) – a momentum index used to indicate excessive or excessive intelligence levels – may be separated soon from the declining direction, indicating the rise to Bitcoin.
“To move forward, it will be useful to see this daily direction of RSI to hack in the future. This downton has been resistant to the relative power index since November 2024. RSI recession is likely to be preceded by the reflection of the trend to the upward trend.”
In a strategic session, analyst Recount YouTube subscribers, who have increased the relative power index from the level of sale in the range of the twenties, which has historically led to the reflection of the price of Bitcoin.
“We have decreased to an excessive area of excessive excess, so less than 30 relative strengths index, usually see that sellers feel a little enthusiasm. People sell too much, and the sellers slowly exhaust. They are excessively selling, which means that it is easier for buyers to interfere in the market and start buying prices of up, and they do not need to buy in high size.
It already presses the prices very well towards the upward trend without much effort. This is exactly what happens when the sellers are exhausted. We have seen these excessive areas on a few occasions through this session. And every time we got here in this first incident, we were close to the bottom, or we were already below, and we will see the price contrary to the upward trend. “
Also analyst He says The decline in this bitcoin from the highest level is not out of historical precedence.
“This current withdrawal (-29 %) is one of the deepest recovery processes in the course but it is not unusual.
Main 2021 corrections: -31 %, -55 %, -25 %.
Main 2017 corrections: -34 %, -34 %, -38 %, -40 %, -29 %. “
Bitcoin is traded for $ 83,112 at the time of this report, an apartment per day.
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