#BTC
Whenever Bitcoin's Daily RSI crashed into the sub-28 RSI levels - that wouldn't necessarily mark out the price bottom
In fact, historically, the actual price bottom would be -0.32% to -8.44% lower than the price when the RSI first bottomed
Bitcoin is currently forming its second low -2.79% below the first low
A repeat of -8.44% below the first low would see price bottom at ~$70000
$BTC #Crypto #Bitcoin


#BTC
Bitcoin's Daily RSI equalled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s
The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28)
Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time
$BTC #Crypto #Bitcoin

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