@BOMBERuss 18 July 2022 more from that month

#BTC updated its historical maximum by $69,000 in November 2021 and began to decline. As a result, in June 2022, #bitcoin formed a local minimum of $17,592 and has been strengthening since then. At the time of the formation of the minimum, the weekly #RSI went into the oversold zone (green circle). This has previously been observed only twice in the history of BTC (green icons). As a result of last week's growth, the RSI has now come out of the oversold area. Previously, such dynamics (red circles) were an indication of the formation of the bottom for bitcoin. #CryptoCurrency