When $BTC's weekly RSI goes below 37, it's time to pay attention.
The past two bear markets both bottomed out after roughly 40% of downside after the RSI first hitting 37. Currently, the low is about 30% lower than that RSI reading. 40% down would mean a bottom around $52k.
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When $BTC's weekly RSI goes below 37, it's time to pay attention.
The past two bear markets both bottomed out after roughly 40% of downside after the RSI first hitting 37.
Currently, the low is about 30% lower than that RSI reading.
40% down would mean a bottom around $52k.