Historically, BTC/USD has recovered from 70%+ RSI levels after bouncing off of 30% RSI to reach new All-Time-Highs.
Currently, we are in the correction after being above 70% RSI when BTC/USD was at 19.9k USD. As we near 30% RSI (under-valued BTC) I feel that BTC/USD will bounce off of 30% RSI like it did historically and make another positive-trend run towards 70%+ RSI, as we look towards 15-17k potential.
Currently, we are in the correction after being above 70% RSI when BTC/USD was at 19.9k USD. As we near 30% RSI (under-valued BTC) I feel that BTC/USD will bounce off of 30% RSI like it did historically and make another positive-trend run towards 70%+ RSI, as we look towards 15-17k potential.