gtag('config', 'G-0PFHD683JR');
Bitcoin

The technical index flashed a hidden sign of the emerging Bitcoin power, according to Crypto Trader

The analyst who has passed the Bitcoin correction before last year says the main indicator is a bullish signal of BTC.

Analyst known as Rekt Capital Recount The 107,000 RSI Index Index is the RSI from the declining direction for months, indicating that bitcoin may soon rise to the upward trend.

RSI is a momentum oscillator used to determine whether the original has been sold or arm. RSI values ​​range from scratch to 100 with a level between 70 to 100, which indicates that the original has been clarified while zero level indicates that the original is exaggerated.

“What is interesting in this entire period now is that this was a landmark trend on the relative strength index, which is a daily downward trend dating back to mid -November 2024. So breaking this declining trend is very pivotal, because it means that the relative strength index does not want to go down anymore.

This is actually a very hidden sign of the emerging force in the Bitcoin movement, because the relative power index now wants to enter the new upward trend after a period of five months or so, and now we see that RSI is trying to confirm this penetration and violate the declining direction so that it can rise. This comes in the aftermath of the price truly the construction of a bullish spacing. “

Source: Rekt Capital/YouTube

He also says Bitcoin may soon penetrate the resistance at $ 88,500.

“We need to pay attention to more continuity, which will restore $ 88,500 to return us closer and closer to restoring this re -drawing scope [around $100,000]. Many people were talking about being a bear market, but it seems that it is a period of deviation on the negative side very similar to what we saw in the past. “

Source: Rekt Capital/YouTube

Bitcoin is trading at $ 83,998 at the time of writing, a decrease of 2.3 % in the past 24 hours.

https://www.youtube.com/watch?

Follow us xand Facebook and cable

Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox

Check the price procedure

Browse the daily Hodl Mix

& nbsp

Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

Created Image: Midjourney

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button