Last Time This Bitcoin Indicator Flashed, BTC Fell From $6200 to $3200 - BeInCrypto

Many are trying to get a handle on what is going to happen next with Bitcoin. There are forecasts all over the place using every indicator under the sun.

There is one that investors traditionally used call RSI. It is a momentum indicator and tends to be fairly reliable in telling when things are overbought or sold. However, it has been typically invalidated in the crypto markets.

The indicator was last at this point in Dec 2018 when the price dropped from $6,200 to $3,200. This could be a warning of further pain in Bitcoin.

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