The RSI offers additional insight into the market’s momentum by measuring the size of Bitcoin price moves to determine whether it's overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset. Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.

According to the RSI, In the 1 Week time frame, Bitcoin is currently trending bearish with the actual RSI reading at 0.00. The 50 line could provide resistance if the indicator returns to it.$BTC