By Wayne Jones Bitcoin (BTC) has pushed its daily relative strength index (RSI) above 85, a level crypto analyst Sykodelic says has never appeared during a bear market, after the asset reached above $81,000 this week. The reading is being used to argue that the latest rally looks more like the opening of a new […]
Tag: RSI
By Shayan Markets Bitcoin has staged a sharp recovery from the $60K demand zone, breaking above several major technical barriers and reclaiming the $72K-$74K area. The latest move has pushed BTC toward the $80K resistance zone, where momentum is beginning to show signs of exhaustion. At the same time, the on-chain picture has improved materially, […]
By Shayan Markets Ethereum has staged a decisive breakout from the multi-week consolidation structure, with ETH now trading just below $2.5K after reclaiming several important resistance levels. The move has significantly improved the higher-timeframe structure, although momentum has become stretched and ETH is currently testing a major resistance zone. Ethereum Price Analysis: The Daily Chart […]