Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104340
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
13286
Cryptocurrencies
64.71%
Bitcoin Share
The Daily Hodl 2025-03-20 14:30:54

This Indicator Could Soon Signal End of the Bull Cycle for Bitcoin Based on History, Says Benjamin Cowen

This Indicator Could Soon Signal End of the Bull Cycle for Bitcoin Based on History, Says Benjamin Cowen

Cryptocurrency analyst Benjamin Cowen is warning Bitcoin ( BTC ) could turn bearish based on the historical behavior of one widely used indicator. In a new strategy session, Cowen tells his 887,000 YouTube subscribers that the Relative Strength Index (RSI) on Bitcoin’s weekly time frame is currently at a support level that has previously marked the end of the cycle whenever it breaks down. The RSI is a momentum oscillator that is calibrated from zero to 100 and is used to identify oversold or overbought conditions, with a reading above 70 indicating overbought conditions and a reading below 30 indicating oversold conditions. “Structurally there’s been no denying there have been similarities between this cycle and the 2016-2017 cycle. There’s sort of a weekly RSI support level that Bitcoin continues to try to hold support at. If it breaks, it’s possible that it means the cycle is over.” Source: Benjamin Cowen/YouTube Looking at the trader’s chart, he seems to suggest that BTC’s weekly RSI has support at around 44. Bitcoin is trading at $86,096 at time of writing with the weekly RSI hovering at 50. The widely followed analyst further says that if Bitcoin loses the RSI support level on the weekly time frame, it could be a sign that something is broken in the US economy and the Federal Reserve might step in and loosen monetary policy. “If the weekly RSI breaks down below 44, then I think you really start to argue you’re going more so into the monetary policy view where the Fed’s going to try to come to the rescue at some point and hopefully they haven’t done too much damage to sort of repair things. I think the bigger issue for the Fed this cycle than in 2019-2020 is that inflation wasn’t really an issue over here but it has been an issue recently. And so they might not be as willing to support markets in the same way as quickly until it’s more apparent that inflation is actually coming back down to earth and we’re not going into just another inflationary wave.” 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 This Indicator Could Soon Signal End of the Bull Cycle for Bitcoin Based on History, Says Benjamin Cowen appeared first on The Daily Hodl .

Most Read News

Moralis Money
Market Cap
24h Vol
64.71%
Bitcoin Share
387
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.