{"id":153274,"date":"2025-03-19T20:00:05","date_gmt":"2025-03-19T18:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153274"},"modified":"2025-03-19T19:24:35","modified_gmt":"2025-03-19T17:24:35","slug":"is-bitcoin-ready-for-a-rebound-key-indicator-suggests-a-breakout","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-bitcoin-ready-for-a-rebound-key-indicator-suggests-a-breakout\/","title":{"rendered":"Is Bitcoin Ready for a Rebound? Key Indicator Suggests a Breakout"},"content":{"rendered":"<p>Rekt Capital <strong><a href=\"https:\/\/x.com\/rektcapital\/status\/1901654360683143318\">highlights<\/a> <\/strong>Bitcoin\u2019s Relative Strength Index (RSI), a momentum gauge that tracks overbought and oversold conditions, noting that a breakout from its current downtrend could signal a shift in market sentiment.<\/p>\n<p>He points out that Bitcoin&#8217;s RSI has been in decline since November 2024, but if it moves past this resistance, it could indicate an upward price movement.<\/p>\n<p>Historically, RSI reaching oversold levels has often led to market turnarounds, suggesting that sellers may be losing momentum, allowing buyers to regain control with minimal effort.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/just-in-sec-to-drop-appeal-against-ripple\/\" title=\"JUST IN: SEC to Drop Appeal Against Ripple\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/ripple-sec-court-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">JUST IN: SEC to Drop Appeal Against Ripple<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Addressing Bitcoin\u2019s recent correction, the analyst downplays concerns, explaining that its current 29% pullback is not unusual when compared to past cycles.<\/p>\n<p>He notes that similar declines occurred after previous halvings and during major corrections in 2017 and 2021, some of which were even steeper. Based on these patterns, he believes Bitcoin&#8217;s recent downturn fits within historical trends, implying that another upward phase may be ahead.<\/p>\n<p><iframe loading=\"lazy\" title=\"Is The Bitcoin Correction Over?\" src=\"https:\/\/www.youtube.com\/embed\/GUF15hVyYm8\" width=\"100%\" height=\"463\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto analyst suggests that Bitcoin could be on the verge of a bullish reversal, citing a key technical signal.<\/p>\n","protected":false},"author":3,"featured_media":146337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-153274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Bitcoin Ready for a Rebound? 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