Bitcoin: Lowest RSI Ever Signals Accumulation
Bitcoin records lowest 2-week and daily RSI ever as @CryptoMichNL calls for accumulation at $63254.91 while 4h chart shows bearish EMA structure.
SourceAnalysis
Bitcoin printed its lowest 2-week and daily RSI readings in history, giving @CryptoMichNL the strongest case yet for aggressive BTC accumulation even if a crypto market crash extends on rising panic.
Price sits at $63254.91 inside the Bollinger Bands with upper resistance at $63874.1 and lower support at $59616.19; the bearish structure keeps price below EMA50 at $65344.97 and EMA200 at $72465.14, yet the MACD golden cross at -615.11 paired with neutral RSI(14) at 50.43 points to a likely probe of the lower band before any sustained recovery, sharpening the latest BTC price prediction framework.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast