Matrixport: Bitcoin is oversold, and the current RSI level has touched the bottom of bitcoin history
2024-08-07 07:38:19
Matrixport released an analysis chart saying that caution remains critical due to ongoing macroeconomic and geopolitical risks and poor earnings expectations for U.S. tech companies. However, Bitcoin appears to be oversold, with its RSI reaching 30%. Historically, such a low RSI level has usually been a signal for Bitcoin to bottom out. While this does not guarantee that the price will not fall further, it indicates that the current rate of decline may be slowing down. It is worth noting that buying opportunities have emerged within days after the RSI reached such lows on several recent occasions.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Matrixport：比特币被超卖，当前 RSI 水平触及比特币历史底部信号Next article：
CoinShares研究主管：投资者正在抛售比特币，转而购买以太坊
