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BTC’s current reading is its highest reading since January 2021. Since 2018, BTC’s RSI has been higher than 84 just 25 times. This isn’t to say that an asset can’t stay overbought for extended periods. The 91 RSI level reached on Jan 8, 2021, was followed by a 15% increase
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The largest cryptocurrency by market capitalization has responded favorably to improved economic indicators. Source
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An indicator that we broached earlier this week which bears reexamination is the current level of BTC funding rates. As a reminder, funding rates represent payments to traders that are long or short BTC. They can reflect trader sentiment within futures markets. When funding rates are positive, investors often view
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South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project.The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with
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Good morning. Here’s what’s happening:Market moves: Bitcoin ended a bad January on a positive note; DeFi trading volume grew steadily.Technician's take: BTC's January sell-off could attract short-term buyers.Catch the latest episodes of CryptoX TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $38.446 +1%Ether (ETH): $2,682 +2.6%Top Gainers
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