‘Uncomfortable’ Bitcoin Indicator Could Decide BTC’s Next Move, According to Benjamin Cowen

‘Uncomfortable’ Bitcoin Indicator Could Decide BTC’s Next Move, According to Benjamin Cowen


A widely followed crypto analyst says that one classic indicator could dictate Bitcoin’s (BTC) next price move.

In a new video update, crypto strategist Benjamin Cowen tells his 803,000 YouTube subscribers that the crypto king’s relative strength index (RSI) – a momentum oscillator used to analyze whether an asset is overbought or oversold – is giving “uncomfortable” vibes.

Looking at two-week candles, Cowen notes that every single one of Bitcoin’s price tops coincided with the RSI hitting the same downward resistance level – something that has already happened in March.

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“We can also look at this on a two-week time frame because I actually think that the RSI is a little bit more useful the longer the time frame that you’re using… When you first

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