Bitcoin's ‘more reliable’ RSI variant hits bear market bottom zone at $87K

Blockchain

Bitcoin velocity RSI produced a rare bear market bottom signal as BTC price losses sparked a return to extreme “oversold” conditions.

Bitcoin (BTC) is printing a key bear market bottom signal at $87,000 as analysis says that BTC price history may repeat.

Key points:

Bitcoin’s velocity RSI metric returns to levels seen only around bear market bottoms.

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