Rekt Capital: Bitcoin Reaches Oversold RSI Territory for First Time Since March 2020

Cryptocurrency analyst Rekt Capital tweeted that Bitcoin has reached oversold territory on the RSI for the first time since March 2020, and not to sell when BTC is already oversold. It is reported that RSI, the relative strength index, determines the future trend of market prices based on a comparison of the momentum between an uptrend and downtrend. RSI less than or equal to 30 indicates that the situation is oversold or undervalued, and the current RSI value is 28.48.