Oversold? Bitcoin’s RSI Just Hit Its Lowest Level Since 2016

Оригинал: https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

After hitting a 70‐day low of $6,133 on CoinDesk’s Bitcoin Price Index (BPI), bitcoin’s relative strength index (RSI) hit a level (26.4) last seen in August of 2016, according to data from the Bitfinex exchange.

The relative strength index, or RSI, is used for identifying overbought and oversold conditions of an asset by «comparing the magnitude of recent gains and losses over a specified time period to measure speed and change of price.»

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