Bitcoin

<ul><li>Bitcoin&#39;s price corrected to $57,938 with an RSI of 48.90, indicating potential for a price rebound.</li><li>Hash Ribbon indicator signals imminent buy, historically preceding significant Bitcoin price increases.</li><li>BTC&#39;s market cap is $1.15 trillion with current price 20.84% below the all-time high of $73,737.94.</li></ul>Bitcoin, the world&#39;s leading cryptocurrency, has recently experienced a correction, bringing its price down to approximately $57,938.4. Despite this short-term fluctuation, <a href="https://x.com/thescalpingpro/status/1811311842310164506" rel="noopener noreferrer nofollow">according</a> to Mags on X, the long-term trend since 2020 shows significant volatility but with an overall upward trajectory.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeA0SJHGOZEdWDnPuHNrx4gHTz-4pZn2zxxUswvOQCThjyzV__90JFyyqLd-BgMMWO6ttk_YXT6LssB7ILc23WRNGB_TFESAbcoAPDr6cFUJOp6sz-WfqxG9NqrkUnoec7sN0sLQFAGqrTsTDzU70uFLLWt?key&#61;sxB5yHzNU0w9llTws9IBhg" />One key indicator to watch is the Relative Strength Index (RSI), which is currently at 48.90. This level is around the mid-point, suggesting that <a href="https://cryptotale.org/bitcoin-etf-trading-hits-2-13b-daily-whats-next/" rel="noopener noreferrer nofollow">Bitcoin</a> is neither overbought nor oversold. The mid-point support indicates that there is more room for upward movement, potentially leading to a price rebound or continuation of the upward trend after the correction.<a href="https://cryptotale.org/bitcoin-rsi-at-48-90-signals-potential-for-price-rebound-after-correction/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin RSI at 48.90 Signals Potential for Price Rebound After Correction

CryptoTale

Alte articole publicate pe 12 iul. 2024

Cryptocurrency Render Decreases More Than 5% Within 24 hours

Analyst Predicts Bitcoin May Outperform Ethereum Despite Spot ETF Expectations

Quickly Batch Send NFTs with Ease

Bitfarms announces special meeting date

SEC Revises Crypto Asset Reporting

Solana vs. SEC: How Realistic Is an SOL Spot ETF Approval?

Join our free newsletter for daily crypto updates!