BitcoinRSI
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According to crypto analyst PlanB, Bitcoin's Relative Strength Index (RSI) is approaching 75 — a level historically seen during strong bull runs in 2013, 2017, and 2021. The RSI measures overbought or oversold conditions, and readings above 70 typically indicate a strong upward trend. $BTC
#BitcoinRSI #CryptoAnalysis #PlanB
#BitcoinRSI #CryptoAnalysis #PlanB
📈🤑$BTC is still holding above the RSI 1000 trendline — just like it did during past bull markets❗❗
The most recent bounce off this trendline happened around the $75,000 mark.
Despite recent dips, it's likely too soon to declare a full-blown bear market.
Historically, a true reversal wasn’t confirmed until RSI 1000 broke below the trendline and retested it — that’s the real red flag.
Until we see that? This could be another healthy correction in an ongoing uptrend — and possibly not the last big opportunity to buy.
#BitcoinRSI #CryptoMarketTrends #BTCUpdate #BullOrBear
The most recent bounce off this trendline happened around the $75,000 mark.
Despite recent dips, it's likely too soon to declare a full-blown bear market.
Historically, a true reversal wasn’t confirmed until RSI 1000 broke below the trendline and retested it — that’s the real red flag.
Until we see that? This could be another healthy correction in an ongoing uptrend — and possibly not the last big opportunity to buy.
#BitcoinRSI #CryptoMarketTrends #BTCUpdate #BullOrBear
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