Advertisement

This Has Never Happened to Bitcoin Before. That's Why I'm Buying.

This Has Never Happened to Bitcoin Before. That's Why I'm Buying.

For the first time ever, Bitcoin (CRYPTO: BTC) will record its first four-month stretch of relative strength index (RSI) value of less than 42. Not only is this the longest the RSI has been lower than 42, but it will also be the first monthly close of Bitcoin's RSI below 39. Pending some sort of massive jump in price, Bitcoin's November RSI will likely be somewhere around 38, a level it has never reached before.