Bitcoin $83,528.25 The last decline in the price caused the technical analysis indicators to be followed more closely. Crypto Money Analyst Rek Capital said that the changes in price movements offer important signals, especially when evaluated with the RSI indicator. The entry of the market into the extreme sales zone increases the potential to change the direction of prices. Investors state that it can be critical to create strategy according to these indicators.
Critical threshold on the RSI indicator
Rect Capital drew attention to the daily RSI decline trend since November 2024. According to the analyst, the breaking of this trend can be a harbinger of a significant turn in terms of price. The fact that the RSI indicator is at the excessive selling levels shows that the pressure of the sellers may be reduced and that buyers may come into play.
When the analyst is evaluated in line with the technical indicators of price movements, a break in RSI may indicate a new wave of rise for Bitcoin. In the daily RSI graph, a possible recovery may provide an important signal that the market may enter the rise tendency.
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In the crypto currency market, the RSI indicator is known to be effective in determining the price direction in the past. For this reason, investors can follow the RSI movements closely and evaluate possible opportunities.
Price Correction and Market Dynamics
The last retreat in the price of Bitcoin is considered a usual correction in the crypto currency market. Rect Capital, when we look at past market cycles, says that such retreats are natural. The entry of the market into the extreme sales zone usually results in depletion of sellers. This creates a suitable environment for recipients to be activated.
With the decrease in sales pressure, prices are expected to move upward. Stating that there were deeper corrections in the previous market cycles, the analyst emphasizes that the current retreat is progressing in the usual course. It is stated that such corrections in Bitcoin price should be carefully monitored by investors.
Bitcoin’s news is published at the time of the publication of $ 83.112 said. Considering that technical analysis signals may directly affect investor decisions, RSI movements can play an important role in the coming days.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
