Bitcoin’s Bull Cycle at Risk Due to RSI Indicator
- Analyst Benjamin Cowen warns Bitcoin could turn bearish if the weekly RSI breaks support.
- The Relative Strength Index (RSI) is currently at a support level around 44.
- Bitcoin’s weekly RSI is hovering at 50, with its price at $86,096.
- If the RSI falls below 44, it might indicate economic issues in the US.
- The Federal Reserve may respond by adjusting monetary policy if economic problems arise.
Benjamin Cowen suggests that Bitcoin’s current weekly RSI support level is critical, as a breakdown could signal economic concerns and prompt Federal Reserve intervention.
Source (2.6)https://dailyhodl.com/2025/03/20/this-indicator-could-soon-signal-end-of-the-bull-cycle-for-bitcoin-based-on-history-says-benjamin-cowen/?rand=59076
