BTCUSD moved out of the oversold area according to RSI

General outlook

BTCUSD has been under selling pressure within the last couple of hours. The RSI indicator exited the oversold area of 30.

Analysts recommend opening a Buy order with a stop loss below the previous low.

Indicator overview

The Relative Strength Index (RSI) indicator identifies potential price reversal points when it exits the overbought or the oversold areas. We use the most popular period—14 for Space posts.

Fundamental factors

The U.S. JOLTS Job Openings report will be released at 2:00 p.m. UTC today and could affect this trade.

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BTC

70,950

-1.19%