One Indicator Suggests Bitcoin Still Has Much To Prove Despite Rally to $21,000, Says Analyst Benjamin Cowen

One Indicator Suggests Bitcoin Still Has Much To Prove Despite Rally to $21,000, Says Analyst Benjamin Cowen


A popular crypto analyst says one closely followed indicator suggests that Bitcoin (BTC) still has much to prove even after mounting a strong rally.

In a new strategy session, Benjamin Cowen tells his 782,000 YouTube subscribers that Bitcoin’s Relative Strength Index (RSI) remains at historical lows.

The RSI is a momentum indicator that aims to determine if an asset is currently overbought or oversold.

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“It’s a very nice move by Bitcoin from all the way down from $15,000 back up to $21,000. Note that the monthly RSI in November went lower than where it was in June. The monthly RSI is back up to around 44 to 45. What I want to do is draw a line across where it currently is.

Where it

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