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Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum

NewsBTC LogoNewsBTC16h ago

Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum - NewsBTC

Quick Summary:

BTC Still Missing Its Bullish Aggression: Crypto Expert Chartered Market Technician (CMT) Tony Severino took to the X platform to share an interesting insight into the price action of Bitcoin over the last few weeks.

Related Reading: Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH The rationale behind this observation is the recent movement of the daily relative strength index (RSI) indicator on the Bitcoin price chart.

While the market leader has been recovering from its early-year blues, the relative strength index has yet to exhibit the clean upward break (above 70) typical of significant bullish expansions.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 23:30:31 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28769721

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://leszno.beamstart.com/news/is-bitcoin-bull-run-back-17475259357560

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