Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
The Daily Hodl 2025-03-21 11:45:24

Technical Indicator Flashes Hidden Sign of Emerging Bitcoin Strength, According to Crypto Trader

Technical Indicator Flashes Hidden Sign of Emerging Bitcoin Strength, According to Crypto Trader

An analyst who nailed Bitcoin’s pre-halving correction last year says a key indicator is flashing a bullish signal for BTC . The analyst pseudonymously known as Rekt Capital tells his 107,000 YouTube subscribers that the Relative Strength Index (RSI) indicator is breaking out of a months-long downtrend, suggesting Bitcoin may soon soar to the upside. The RSI is a momentum oscillator used to determine whether an asset is oversold or overbought. The RSI’s values range from zero to 100 with the level between 70 to 100 indicating that an asset is overbought while the zero to 30 level indicates that an asset is oversold. “What’s interesting about this entire period right now is that this has been a downtrend on the RSI, a daily downtrend dating back to really mid-November 2024. So breaking this downtrend is pretty pivotal, because it means that the RSI doesn’t want to be trending downwards anymore. And this is actually very likely a hidden sign of emerging strength in Bitcoin’s price action, because now the RSI wants to enter a new macro uptrend after downtrending for effectively some five months or so, and now we are seeing the RSI try to confirm this breakout and breach of the downtrend so that it can rally higher. And this comes on the heels of really just price action building a bullish divergence.” Source: Rekt Capital/YouTube He also says Bitcoin may soon break through resistance at $88,500. “We need to watch out for further continuation, which is going to be reclaiming $88,500 to get us back closer and closer to reclaiming this re-accumulation range [around $100,000]. And many people have been talking about this being a bear market, but it does look like it is a downside deviation period very similar to what we’ve seen back in the past.” Source: Rekt Capital/YouTube Bitcoin is trading at $83,998 at time of writing, down 2.3% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Technical Indicator Flashes Hidden Sign of Emerging Bitcoin Strength, According to Crypto Trader appeared first on The Daily Hodl .

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
744
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.