Since the current decline has been gradual, it didn't create a shock, but we are still in a historic week. The weekly RSI is in oversold territory for the third time; the first was in 2018 when BTC dropped to $3,200, the second during the famous COVID crash when it fell to $15,000, and the third is today. Currently, it's at 63, but it's not over yet; we're probably heading to see the 58,000 200-week moving average. There's not much more to say; after previous resets, overselling and changing capital, we returned stronger in new stories. Let's see if history will repeat itself.

BTC-6,81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)