Bitcoin RSI Plunges To 'Oversold' Level Not Seen Since $60K, Signaling Potential Short-Term Recovery
Bitcoin RSI Plunges To 'Oversold' Level Not Seen Since $60K, Signaling Potential Short-Term Recovery
Despite hitting new lows on Jan. 8, the RSI contrasted with the spot price downtrend, a deviation that typically precedes a price rebound. This has led traders to suggest that the BTC price is due for an upward relief bounce.Following a sharp decline in Bitcoin's (CRYPTO: BTC) price, a key metric has hit its lowest level in several months, leading to expectations of a short-term recovery. At the time of writing, BTC was down to $94,794.64, as per Benzinga Pro.
在比特幣（數字貨幣：BTC）價格大幅下降後，一個關鍵指標已經跌至幾個月以來的最低水平，這導致市場對短期反彈的預期。根據Benzinga Pro的數據顯示，BTC在撰寫時已降至94,794.64美元。
What Happened: The relative strength index (RSI) for BTC, a widely used metric for determining the strength of a trend, has plunged to "oversold" levels, CoinTelegraph reported on Wednesday. The RSI fell from a high of 81.7 on Jan. 6 to a low of 16.6 on the hourly chart, marking a rapid shift from "overbought" to "oversold" in just 24 hours.
發生了什麼：BTC的相對強弱指數（RSI），一個廣泛用於衡量趨勢強度的指標，已降至「超賣」水平，CoinTelegraph在週三報道。RSI從1月6日81.7的高位跌至小時圖上的16.6低位，標誌着僅在24小時內就出現了「超買」到「超賣」的快速轉變。
Such a low RSI level was last seen when Bitcoin was trading at $60,000. This has led traders to anticipate a short-term rebound in the BTC price, as historically, Bitcoin has often spent extended periods in "overbought" territory during bull markets.
如此低的RSI水平上一次出現在比特幣交易價格爲60,000美元時。這導致交易者預期BTC價格會短期反彈，因爲歷史上比特幣在牛市期間常常在「超買」區域內持續較長時間。
Despite hitting new lows on Jan. 8, the RSI contrasted with the spot price downtrend, a deviation that typically precedes a price rebound. This has led traders to suggest that the BTC price is due for an upward relief bounce.
儘管在1月8日觸及新低，但RSI與現貨價格的下行趨勢形成對比，這種偏差通常預示着價格反彈的到來。這使得交易者認爲，BTC價格有望迎來上行反彈。
Why It Matters: The recent drop in Bitcoin's RSI comes amidst a period of significant activity in the cryptocurrency market. Leading Bitcoin miners in the U.S. are accumulating BTC as a buffer against growing competition and narrowing profit margins. These miners have leveraged Bitcoin's soaring price to raise over $3.7 billion since November, which has been used to fund Bitcoin purchases.
重要性：比特幣RSI的最近下降發生在數字貨幣市場顯著活躍的時期。美國領先的比特幣礦工正在積累BTC，以應對競爭加劇和利潤空間縮小的挑戰。這些礦工自11月以來藉助比特幣飆升的價格籌集了超過37億，用於購買比特幣。
Meanwhile, Tesla and SpaceX CEO Elon Musk has predicted a potential drop in cryptocurrency prices if dollar inflation is addressed. Musk suggested that if inflation and government overspending were curbed, the price in dollars to buy cryptocurrency would actually drop, emphasizing that "what matters is the ratio of dollars to cryptocurrency."
與此同時，特斯拉和SpaceX(臨時代碼)首席執行官埃隆·馬斯克預測，如果美元通脹問題得到解決，數字貨幣價格可能會下跌。馬斯克表示，如果控制了通脹和政府的過度支出，用美元購買數字貨幣的價格實際上會下降，強調「重要的是美元與數字貨幣的比率。」
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：此內容部分由Benzinga Neuro生成，並由Benzinga編輯審核和發佈。
Image via Shutterstock
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譯文內容由第三人軟體翻譯。
