Bitcoin Monthly RSI
PlanB reports that the Bitcoin Monthly Relative Strength Index (RSI) currently stands at 66, suggesting significant upward momentum for the cryptocurrency. The RSI is a key indicator used to assess the performance of an asset, providing insight into potential price movements. This level of RSI typically suggests that Bitcoin may continue to experience upward trends in the near future. Analysts often use the RSI to gauge market conditions and potential overbought or oversold scenarios, which can influence trading decisions. As Bitcoin’s RSI remains robust, market participants may be watching closely for further developments.
