While the signs of rise movements in crypto money markets continue to be discussed, well -known quantitative analyst plank, Bitcoin 
$108,045.48made evaluations through an important indicator. Plant, in the latest video update, Bitcoin’s relative power index (RSI) indicating that the gauge began to rise, this will enter a positive period in the market pointed out, he said. This indicator is used to assess whether an asset is in excessive purchase or over -selling zone.
RSI indicator and historical data
In his analysis based on historical data, PLANB predicts that if Bitcoin reaches a 75 RSI value on a monthly graphics, a rise period in the market may begin for several months. It is stated that such a rise corresponds to the periods when investors made rapid purchases for fear of kidnapping the market. In the past, Bitcoin’s RSI indicator has increased over 75 times three or five times and then strong rise periods.
Expectations for corporate and individual investors
It is considered that this rise expectation may be important for corporate and individual investors. Following the rise in 2021, when similar tendencies were observed, it is thought that RSI, which investors closely followed, can reach higher values in the following months. Analysts remind you that in some months when RSI has increased over 80 in the past, serious value increases occurred.
PLANB: “Last year, there was a fear of kidnapping and frustration in the markets last year, and therefore fluctuations were seen in the RSI average. Last month, a upward trend began again. I think that the movement of Bitcoin will continue to 75 levels;
Latest situation in Bitcoin price
According to the news, the price of Bitcoin traded around 107.992 dollars is watching. Analysts and market followers, in addition to technical indicators in Bitcoin, global economic developments and investor psychology may also be effective on the price. It is known that technical data such as RSI are effective in decision -making processes of investors, especially in the short and medium term.
With PLANB, RSI reached 75, the market can enter a warmer and more active period, he says. Such technical analysis indicators can shape market dynamics in the coming months. Even during the rise season in 2021, it is emphasized that RSI was over 80 in a row for five consecutive consecutives and that similar strong movements could be experienced again.
However, market commentators recommend that investors be cautious when deciding. It is stated that technical indicators may not be sufficient, especially in periods when high volatility and sudden price movements can take place in a short time. Experts recommend that both technical and basic analysis be evaluated together.
On the other hand, Bitcoin and general crypto money markets are also closely related to developments and regulations in the global economy. Past experience shows that positive technical signals in the market sometimes do not lead to price movements to the expected extent due to external factors.
The increase in Bitcoin’s RSI indicator may be effective on investor behavior. Therefore, price movements in the coming months may continue to be closely monitored for the crypto currency market. It is seen that instant developments and macroeconomic conditions continue to be a significant price determinant as well as technical indicators.
Despite the positive signs in Bitcoin’s technical indicators, it may be useful for investors to consider other factors affecting the market rather than relying on these data in investment processes. When the market cycles in the past years are examined, although there is a certain increase as a result of the rise of RSI and similar indicators, it is important to evaluate macroeconomic conditions, regulations and investor tendencies together. In this way, investors may be less affected by rapid price changes and make conscious decisions.
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.
