As reported by Cryptofrontnews, Bitcoin’s weekly RSI remains at 38, above the level that historically marked major market bottoms since 2015. The price holds near $89,462 within a rising channel, with strong liquidity and stable on-chain activity. Analysts note that the RSI has not yet reached the 29 level, which has historically signaled major buy zones. On-chain metrics like liveliness are rising, indicating increased movement of old coins and stronger demand.
Bitcoin Weekly RSI Remains Above 38, Above Historic Buy Zone
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