HomeUncategorizedBitcoin due new ‘big rally’ as RSI copies 2018 bear market recovery By Cointelegraph

Bitcoin due new ‘big rally’ as RSI copies 2018 bear market recovery By Cointelegraph

January 21, 2023

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© Reuters.

(BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.

According to the latest analysis, will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).

BTC/USD 1-week candle chart (Bitstamp) with RSI. Source: TradingView
BTC/USD annotated chart. Source: Trader Tardigrade/ Twitter
BTC/USD 1-day candle chart (Bitstamp) with RSI. Source: TradingView