Given the recent price appreciation of Bitcoin, it may be worthwhile to discuss the relative strength index (RSI). We mainly focus on the daily RSI but also briefly discuss the 4H and Weekly RSI as well. Can Bitcoin put in a higher high on the daily RSI and try to break the downtrend over the last 6 months? Or will we get rejected again and head down to put in new lows? Let me know where you think the price of Bitcoin is headed in the comments!
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