BTC looks oversold and ripe for scoop-up!

In the case of the BTC/USDT and BTC/USD pairs, the Relative Strength Index (standard 14, on Daily time-frame) seems to have been a faithful indicator, looking back, with subsequent surges of 20% to 130%.

Thus, it seems like BTC is ready for a new rally!

Kommentera:

So yeah, looks like RSI works well on BTC, especially since there is no doubt it's traded heavily with robots.

So, +40% since my upside prediction, huh?