Popular crypto analyst Scott Melker pointed out that the Relative Strength Index (RSI) for Bitcoin (BTC) has reached significant peaks, while the price is even higher based on historical data. suggested that it might rise.
Scott Melker on January 17 via his official social media account. in his postHe stated that Bitcoin’s RSI value has risen considerably in the daily period. Current RSI value 88 with points 90’s a little under Pointing out that he was watching, Melker recently waiting for the fix soon after a strong rally implied that it could happen.
In his post, the analyst said that what RSI sees on Bitcoin’s daily chart highest with level 94 of them in 2017 20 thousand after seeing the dollar top and then experiencing a correction in price 40 thousand He said that it continues to rise up to $. According to Melker’s statements, later on, the RSI 90 As Bitcoin rises above the level of 40 thousand dollars 60 thousand before reaching the dollar 30 thousand dollars as much as it declined.
On the other hand, some users criticized Melker for his analysis. RSI many times before 90 approaching the level or to 90 hit, but despite this, the analyst only iconic users who say they take the hills into account hope trader accused with.