Money
Bitcoin One-Month RSI Hits Most Oversold Reading Ever Recorded in Asset's History
Lark Davis
Bitcoin ETF Flows Just Flipped [Get Ready]
"1-month RSI on Bitcoin, the most oversold ever, ever, ever. The two closest readings before this, $180 in 2015, $15K in 2022. Not far off at the bottom of the 2018 bear market either."
Bitcoin's one-month RSI indicator has reached its most oversold level in the cryptocurrency's entire history, surpassing even the extreme readings seen at $180 in 2015 and $15,000 in 2022, both of which marked major market bottoms. This technical indicator adds to mounting evidence including whale accumulation, ETF inflows reversing, and weekly RSI bullish divergence that Bitcoin may be approaching a significant bottom. The confluence of multiple oversold indicators occurring simultaneously is historically unprecedented.
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Lark Davis