BlockBeats News, February 6 — According to Tradingview data, as the price drops to $64,000, the current Bitcoin weekly RSI (Relative Strength Index) has fallen to 26.62, comparable to the level during the last bear market in June 2022.
RSI stands for Relative Strength Index, one of the most commonly used technical analysis indicators in financial markets such as stocks, futures, forex, and cryptocurrencies. It was introduced by American technical analyst J. Welles Wilder in 1978 and is mainly used to measure the speed and magnitude of price movements, determine whether the market is overbought or oversold, and help investors identify potential reversals or trend continuation signals. Typically, an RSI value falling below 30 indicates the oversold zone.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy’s 717,131 BTC Stash Underwater as Bitcoin Struggles Below $69,000
Bitcoin navigated an uneasy range between $67,000 and $69,000 as extreme market fear weighed on sentiment. Despite briefly reclaiming the $69,000 level, the price retreated to a session low of $66,557. Even Strategy’s $168 million acquisition of 2,486 bitcoins, which grew its total holdings to 717,
Coinpedia6m ago
Bitcoin Treasury Giant Strategy Adds $168.4M in BTC as Accumulation Continues
_Bitcoin Treasury Giant Strategy purchases 2,486 BTC worth $168.4M, boosting holdings to 717,131 BTC while maintaining aggressive accumulation despite crypto market volatility and price pressure._
Strategy expanded its Bitcoin holdings with another large market purchase. The company
LiveBTCNews45m ago
No, BTC Is Not Forming Massive Bullish Pattern, Brandt Says - U.Today
Veteran trader Peter Brandt has dismissed a viral theory claiming Bitcoin is forming a bullish "inverse head and shoulders" pattern, criticizing the technical analysis of crypto influencers. He emphasizes the misconceptions surrounding classical charting.
UToday51m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,016 USDT.
CryptoRadar1h ago
Matrixport Flags Extreme Bitcoin Fear as Market Inflection Point
_Matrixport says extreme Bitcoin fear and oversold signals may point to a market inflection as sentiment hits four-year lows._
Crypto market sentiment has dropped to rare lows, and Matrixport says this shift may mark a turning point for Bitcoin.
The firm reports that fear readings have
LiveBTCNews1h ago
Data: If BTC breaks through $71,032, the total liquidation strength of mainstream CEX short positions will reach $1.37 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $71,032, the total liquidation strength of mainstream CEX short positions will reach $1.37 billion. Conversely, if BTC drops below $64,344, the total liquidation strength of mainstream CEX long positions will reach $878 million.
GateNewsBot1h ago
