Bitcoin Daily RSI At Most Oversold Level Since April — Time To Buy?
The value of Bitcoin has been beneath intense bearish pressure over the previous week, falling under the $110,000 mark on Thursday, September 25. While the premier cryptocurrency has managed to cease bleeding previously day, the BTC value has struggled to reclaim the psychological $110,000 stage. Interestingly, the newest readings of a technical evaluation indicator recommend that the Bitcoin value might need simply reached a backside and might be prepared for a rebound.
Has The Bitcoin Price Reached A Bottom?
In a September 26 submit on the X platform, a crypto analyst named after the famend economist Frank Fetter revealed that the value of Bitcoin might need simply entered a purchase zone. This value projection is predicated on the relative power index (RSI) indicator on the each day BTC value chart.
The relative power index is a momentum indicator utilized in technical value evaluation to evaluate the magnitude and pace at which an asset’s value modifications. The RSI oscillator is often used to research whether or not a crypto asset (Bitcoin, on this case) is being overbought or oversold, suggesting a attainable value or pattern reversal.
When the relative power index breaks above 70, it sometimes signifies an overbought market situation, with the asset’s value prone to face promoting stress. Meanwhile, an RSI worth under 30 implies that the market is in an oversold situation, with value on the verge of a possible rebound.
According to Fetter, the Bitcoin relative strength index on the daily chart has fallen to its lowest stage for the reason that April value backside of $74,000. This value downturn, which was triggered by the tariff conflict between the United States and China, noticed the RSI oscillator fall beneath the 30 threshold in March.
Since bottoming out on the $74,000 mark and the RSI low in April, the Bitcoin value has since gone on to set a number of all-time highs. If historical past is something to go by, there’s a likelihood that the flagship cryptocurrency may discover help at its present value and run up to a new high.
As of this writing, BTC is valued at round $109,331, reflecting a mere 0.2% leap previously 24 hours. According to knowledge from CoinGecko, the premier cryptocurrency is down by greater than 5% on the weekly timeframe.
Crypto Market Enters ‘Fear’ Zone
The crypto Fear & Greed Index is one other sign suggesting a purchase alternative within the Bitcoin market in the meanwhile. According to the newest on-chain data from Alphractal, this metric has dropped to twenty-eight, signaling sturdy concern amongst digital asset traders.
Meanwhile, the Fear & Greed Index of the inventory market is at a impartial stage, which means that pessimism has but to hit the standard markets. With the crypto Fear & Greed Index at its lowest stage since April 2025, the divergence from the standard markets suggests potential accumulation alternatives within the digital asset market.
