Crypto Markets Evaluation: Bitcoin and Ether’s Flat Trajectory to Proceed, Technical Indicators Counsel – CoinDesk

Momentum for each BTC and ETH stays in impartial territory, utilizing the Relative Power Indicator (RSI) as a proxy for momentum. BTC’s present RSI is roughly 49.06 – a really middling stage. RSI is a technical indicator that ranges from 1-100. Readings over 70 suggest that an asset is doubtlessly overbought, whereas readings beneath 30 suggest that an asset is presumably oversold.



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