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We are witnessing unprecedented events that are exhausting market participants. A phenomenon not see…
Ethereum$0.000142 is under significant pressure due to leadership crises, slow adoption, and declini…
With Trump’s inauguration, the cryptocurrency markets became more dynamic, yet the situation has r…
Renowned American investor Tom Lee asserts that the reactions observed in the stock markets during t…
The largest cryptocurrency, Bitcoin (BTC) $82,970, has managed to find stability above $80,000 afte…
Cryptocurrencies have faced significant challenges since mid-December, with early quarter expectatio…
Bitcoin price stood at $81,200 as this article was prepared, while the weakness in alt…
Recent Market Analysis
Recent declines in the cryptocurrency market are viewed as…
In the last four weeks, it has been reported that $4.75 billion has been withdrawn fro…
A recent analysis in the cryptocurrency market highlights that Bitcoin $83,314 is exhibiting oversold signals according to technical indicators. Rekt Capital emphasizes that the Relative Strength Index (RSI) on the daily chart has dropped to bear market levels, which historically has triggered rapid recoveries in price. Currently trading at around $82,207, Bitcoin’s potential for a double-bottom formation is also garnering attention. The analyst marks the critical support level between $78,000 and $71,700, underscoring the necessity for investors to closely monitor technical signals. The Relationship Between RSI and Past Price Movements According to data shared by Rekt Capital, Bitcoin’s RSI fell…