BTC's weekly RSI falls below 37: a signal to pay attention to, the bottom of 52K is on the table
BTC's weekly RSI falls below 37: a signal to pay attention to, the bottom of 52K is on the table
For me, whenever the weekly RSI of
$BTC falls below 37, that is when the market enters a zone that requires closer observation. This is not an 'immediate buy' signal, but history shows that it often appears near mid-term bottoming phases.
In the last two bear market cycles, BTC hit the bottom after declining about 40% from the point when the weekly RSI first reached 37. In other words, this RSI level