Bitcoin’s monthly RSI is at its lowest level ever as BTC’s price drops below $24K.
The cryptocurrency markets are in shambles over the past couple of days, and bitcoin’s price dropped to levels not seen since December 2020. Data shows that the monthly relative strength index is at its lowest point… ever.the current bearish sentiment, outlining that the monthly RSI of BTC is at its lowest point – ever.
Sitting at 43.7, the last time it was close to being this low was back in January 2019 when BTC was trading at $3400, and the monthly RSI clocked in at 43.9. Before that – the next lowest point was in January 2015, when BTC was trading at $210 and the monthly RSI was at 44.6.The Relative Strength Indicator is a momentum indicator that gauges the magnitude of recent price changes to analyze overbought or oversold conditions in an asset.
Another factor to consider following the most recent dip in the bitcoin price is the number of addresses profiting from their BTC positions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celsius Crypto Platform Halts Withdrawals as Bitcoin Tanks 13%Bitcoin has plunged below $24,000, its lowest level since December 2020. Unlimited freedom and wealth forever. 😂 seems legit..... Crypto Bros getting precisely the decentralized, unregulated consequences they specifically asked for.
Source: Gizmodo - 🏆 556. / 51 Read more »
Peter Schiff Names 'The Only Price' That Can Happen to BTC SoonProminent critic of Bitcoin and cryptocurrency in general believes that BTC will never make it to $200,000 PeterSchiff Davincij15 Hold Davincij15 PeterSchiff He's been wrong on BTC before. Davincij15 PeterSchiff He’s constantly wrong almost every year…
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% lossBitcoin lines up a grim weekly close as BTC price action circles $27,000 and Ethereum gives up its realized price. 🤌🎁🤏 🧊🧊🧊 Can it will fall on another 7K? I want to spend my usdt already
Source: Cointelegraph - 🏆 562. / 51 Read more »
BTC, ETH and XRP Price Analysis for June 11Can BTC and XRP break their support levels as ETH did? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie The funny part is that there is no buyers so welcome to 27k and below
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020 – Market Updates Bitcoin NewsBitcoin fell to its lowest level since December 2020 to start the trading week, as crypto markets continue to plunge. The craziest airdrop is live now! MATICx1O Double up your coins 👉🌏 MATICx1O Thanks so much for this gift SHlBx10
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Plunges Below $25K, Lowest Level Since December 2020Bitcoin plummeted under $25,000 on Monday morning amid weakness in the macroeconomic environment and systemic risk from within the crypto market. By shauryamalwa shauryamalwa Get Lower so I can buy shauryamalwa Wait until Celsius hit happens shauryamalwa Amid the ponzi breakdown.
Source: CoinDesk - 🏆 291. / 63 Read more »