Analyst: Bitcoin RSI Enters Oversold Zone, Similar Scenarios in the Past Saw Rapid Reversals
BlockBeats News, November 23, Cryptocurrency analyst @ali_charts posted that Bitcoin's Relative Strength Index (RSI) has entered the extremely oversold zone. In the two previous similar instances, the market quickly saw a rebound.
Although there are different ways to determine turning points, there is only one truth to be tested, and that is to be able to be confirmed on the K-line chart.