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Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000?

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Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000? - NewsBTC

Quick Summary:

Related Reading: Ethereum Price Crashes Below $3,000 As Revenues Drop To New Lows The crypto analyst, using the Bitcoin weekly chart, shows that the RSI is actually flashing a 3-year long bearish divergence.

Analyst Says RSI Is Turning Bearish For Bitcoin Crypto analyst Alan Santana took to the TradingView website to share a bearish development for the Bitcoin price.

This time around, the indicator is turning bearish, which means that the Bitcoin price could be headed toward further decline from here.

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Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000? - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 15:00:14 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21936893

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

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Publisher ID: #102

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