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September 05, 2021

PlanB on 9/3/21

"#bitcoin weekly RSI (relative strength index) is 60.

Look at when we last recovered from a below-60-period: Oct 2020, BTC at $10K, price then pumped 5x, RSI hit 90 and stayed above 70 for 6 months.

Also look at 2013 & 2017 bull markets: multiple periods with RSI in 70-90 range"

- PlanB, on-chain analyst

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 

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