NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times

Keshav Verma
Keshav Verma
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years.

Bitcoin Daily RSI Has Dipped Into The Oversold Territory

In a new post on X, analyst Ali Martinez has discussed the latest trend forming in the Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator that keeps track of the speed and magnitude of recent changes in BTC’s price. This metric represents its value on a scale from zero to a hundred.

Related Reading

Bitcoin

Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

1 year ago

When the indicator has a value lower than 30, the cryptocurrency is oversold right now. Such a trend may lead towards a bottom for the asset’s price.

On the other hand, the metric above the 70 mark suggests the coin could be overbought currently and, hence, potentially due to a reversal towards the downside.

Now, here is the chart shared by Ali that shows the trend in the daily RSI for Bitcoin over the last couple of years:

Bitcoin RSI
The value of the metric seems to have dipped inside the oversold region recently | Source: @ali_charts on X

As displayed in the above graph, the daily RSI has recently observed a plunge for Bitcoin, which now sits under the 30 level. Thus, it would appear that BTC is turning oversold, at least according to this metric.

This development in the indicator has come as BTC has seen a crash in the past 24 hours that has taken its price below the $60,000 level for the first time since the start of May.

The latest plummet into the underbought region is the first time the indicator has dipped into this region since August of last year. Interestingly, the signal eventually led to a 197% rally for cryptocurrency.

Bitcoin also enjoyed a similar bullish effect during the other two occurrences of this trend from the past two years. The November 2022 signal resulted in a 60% surge, while the March 2023 one led to an increase of more than 62%.

As the daily RSI has once again dropped into this territory for the asset, it’s possible that its price could end up seeing a return of bullish momentum in the coming future. The analyst notes that this could make the current dip a prime opportunity to buy.

In the scenario that BTC does observe a rally arising out of this pattern similar to the previous instances, a run equal to the smallest surges (60%) would mean the cryptocurrency would rise to a new high of $96,000.

Related Reading

Bitcoin

Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

1 year ago

Given this trend in the daily RSI, It remains to be seen how the price of the cryptocurrency develops from here.

BTC Price

Bitcoin had slipped under $60,000 earlier in the day, but the asset has since seen a small rebound to $60,200.

Bitcoin Price Chart
Looks like the price of the asset has plunged during the past few days | Source: BTCUSD on TradingView
Featured image from Dall-E, charts from TradingView.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

According to recent chart work and on-chain checks, some XRP backers say the token may be gearing up for another...

Christian Encila 2 weeks ago
Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase has reached a new milestone, with Coinbase Advance’s total USD reserves climbing to $112 billion, the highest level since...

Sebastian Villafuerte 2 weeks ago
suncar crypto

Η SunCar επενδύει έως 10 εκατ. δολάρια σε κρυπτονομίσματα

Η κινεζική εταιρεία SunCar Technology Group Inc. (NASDAQ:SDA), γνωστή για τις ψηφιακές της υπηρεσίες στον τομέα της ασφάλισης αυτοκινήτων, ανακοίνωσε...

Ιωάννης Ριζόπουλος 2 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Prognose: Zinsen runter, Wert rauf, Bitcoin Hyper als Turbo?

georgsteiner 2 weeks ago
BTC onderweg naar $1M na FED nieuws - populaire crypto trader reageert

BTC onderweg naar $1M na FED nieuws – populaire crypto trader reageert

Lars Diederiksen 2 weeks ago
Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

Scott Matherson 2 weeks ago

Premium Sponsors

Press Releases

  • dogecoin memecore

    Tại sao Dogecoin, MemeCore và Maxi Doge có thể là...

    3 weeks ago
  • Dự Đoán Giá Pepe

    Pepecoin tăng 20% | Điều gì đứng sau xu hướng...

    3 weeks ago
  • top 3 crypto

    XRP dự đoán đạt 30 USD, Solana có thể chạm...

    3 weeks ago
  • Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih stopa – Otvaraju li se vrata za kupnje dok Bitcoin Hyper ICO prelazi 16,5 milijuna USD

    Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih...

    3 weeks ago
  • 4 token, amelyek hatalmas növekedésre készülnek, hogy felülmúlják a Shiba Inu-t (SHIB) a következő bull runban

    4 token, amelyek hatalmas növekedésre készülnek, hogy...

    3 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.