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Bitcoin Daily RSI (Relative Strength Index)

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Updated 10 minutes ago

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Relative Strength Index Explained

The Relative Strength Index (RSI) chart is a momentum based visualization for the Bitcoin market. We use the RSI to measure the speed as well as the magnitude of directional price movements in Bitcoin. Depending on how fast a price changes and by how much, an RSI score is given to the day being observed relative to the past 14 days.

- A high RSI means that price movements are very positive relative to the past 14 days.
- A low RSI means that price movements are very negative relative to the past 14 days.

Essentially the RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes.

How to Interpret Relative Strength Index

Each dot along the chart represents the RSI based on a 14 day period. Values above 70 indicate the market is overbought and values below 30 indicate the market is oversold. These marks might signal a trend reversal for the market.

INFO
If you need more information about RSI and how is it calculated you can find it, for example, here: RSI
Disclaimer
Any information found on this page is not to be considered as financial advice. You should do your own research before making any decisions.

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