Bitcoin's weekly RSI has reached a historically extreme level, marking a critical point to monitor.
Typically, an RSI at this level indicates the asset is highly overbought and could be due for a pullback. However, it can also signal a potential shift in the cycle and the start of a new upward leg.
That's why this price zone is so significant.
For example, as we accurately forecasted yesterday, BTC pumped to $89,000 before dumping to $87,000.
Stay tuned for our next update ahead of BTC's major move. Follow Panda Traders for timely insights.
BTC
88,087.52
-0.47%
ETH
2,977.06
-0.50%
SOL
124.9
-0.65%