Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market

Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line that separates bear market from bull market. Any higher, and crypto could experience a full blown breakout. Let’s take a look. What The Relative Strength Tells Us About Cryptocurrencies The Relative Strength Index is a popular technical indicator used in cryptocurrencies, originally created by J. Welles Wilder in the 1970s. The tool measures momentum through the “velocity and magnitude of price