Rsi indicates market shift: Bitcoin’s relative strength index has fallen to about 22, a level not seen since august 2023. Such low rsi often indicates oversold market conditions, suggesting an impending shift in Bitcoin market dynamics, potentially strengthening its position against altcoins.
Cyclical BTC market trends: over the past two years, Bitcoin’s market dominance has shown a pattern of rise, fall, and stabilization. Cycles showcase Bitcoin gaining strength followed by altcoin dominance. Recent dates coincide with shifts in market sentiment, often aligning with rsi fluctuations.
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