The RSI (Relative Strength Index) of Bitcoin is nearing its lowest level in 3 years, bringing the market to a pivotal moment.
Information on December 21 indicates that data recorded by Cointelegraph highlights important technical signals as the RSI approaches a 3-year low and could affect the sentiment of the cryptocurrency market.
MAIN CONTENT
The RSI of Bitcoin is close to hitting its lowest point in 3 years.
The described market is at an important turning point.
The content is for informational purposes only and is not investment advice.
Bitcoin's RSI near 3-year low: what is happening?
Bitcoin has an RSI near its lowest level in 3 years, according to Cointelegraph and mentioned in the news on 21/12.
RSI (Relative Strength Index) is a technical indicator commonly used to measure price momentum. The fact that Bitcoin's RSI is approaching its lowest level in 3 years is described as a sign that the market is at a critical moment, where expectations for trend continuation or reversal may increase.
The news does not provide specific RSI numbers, Bitcoin prices, or the time frame for the RSI being measured. However, the description of being close to the lowest level in 3 years indicates that the relative weakness of momentum has persisted significantly compared to recent periods in the cryptocurrency market.
The market is at a turning point: meaning according to the news.
The content emphasizes that the market is at a critical juncture, indicating an important turning point, in the context of the RSI falling into the low range.
The main message focuses on the risks and sensitivity of the market when the technical indicator is at extreme levels. The news also notes that the information is intended to provide data only, does not constitute investment advice, and does not offer directional buy/sell forecasts.
Source: https://tintucbitcoin.com/rsi-bitcoin-thap-nhat-3-nam-thi-truong-then-chot/
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