Analysis: The Relative Strength Index (RSI) of Bitcoin continues to decline, showing a similar divergence to the bull top of 2021.

2025-08-29 04:21:17

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BlockBeats news, on August 29, crypto analyst @alicharts released a chart analysis stating that Bitcoin's price continues to maintain a new high range, while the Relative Strength Index (RSI) is continuously declining, showing a divergence phenomenon similar to that before the peak of the 2021 cycle. RSI (Relative Strength Index) is a widely used Technical Analysis indicator that measures the speed and magnitude of price movements to determine whether the market is in an Overbought or Oversold state. The RSI value ranges from 0 to 100, with above 70 usually considered an Overbought signal, suggesting the price may be too high and there is a risk of a pullback. Below 30 is usually considered an Oversold signal, indicating the price may be too low and a Rebound may be imminent.

BTC1.44%

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