🚨 RSI Alert: Is BTC Entering a Turning Point? 🚨
Hey traders, let’s dive into what’s going on with BTC/USDT right now. If you’ve been watching the charts, you’ve probably noticed a sharp dip, with BTC currently at $102,585.3. But here’s where it gets interesting: the RSI (Relative Strength Index) is showing signs that the market might be in oversold territory.
🔍 Breaking Down the RSI:
6-period RSI: 22.0 – this is way below the oversold threshold of 30.
12-period RSI: 30.8 – flirting with oversold but still weak.
24-period RSI: 39.7 – showing some balance, but the downtrend is clear.
When RSI