Bitcoin’s price has dipped by 15% since mid-March, yet signs indicate the bull run might not be over.It ranges from 0 to 100, with a ratio above 50 suggesting a state of “greed.”by investors and traders as a buying opportunity. After all, one of Warren Buffett’s investment advice says one should be greedy when others are fearful and vice versa.Bitcoin’s Relative Strength Index is also an essential element.
It varies from 0 to 100, with a ratio above 70 indicating that a correction could be imminent. The RSI is currentlythe valuation and potential market trends of the primary cryptocurrency. A score above 3.5 hints that the price is close to its peak, while a result below 1 warns about a bottom. The MVRV ratioBest AI Crypto Coins in 2024: Top 9 Projects to WatchSign-up FREE to receive our extended weekly market update and coin analysis report
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