As reported by BitJie, Bitcoin's speed RSI has dropped below 10, a level historically observed before major market bottoms. The indicator, which measures momentum exhaustion, is now at its lowest since the last three bear market cycles. Analyst On-Chain Mind highlighted the development, noting the pattern aligns with the 2018 and 2022 bear market bottoms. Meanwhile, Bitcoin's long-short ratio has reached unprecedented levels, diverging from historical patterns and raising concerns about potential forced liquidations.
Bitcoin's Speed RSI Hits Levels Seen at Past Bear Market Bottoms
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