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I analyzed all RSI range movements of BTC of the past 52 months

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I analyzed all RSI range movements of BTC of the past 52 months

I analyzed all RSI range movements (30 - 70) of BTC of the past 52 months on the daily chart and realised that each time the RSI drops near, to, or below 30 (oversold), the price of BTC reverses and rises again. Currently, BTC is at the bottom of the range again which begs the question whether the price will rise again?

https://preview.redd.it/zpdt4cm611a81.png?1900&format=png&auto=webp&s=df8169aed9214b5778b18a3038191dc729adf905

submitted by /u/PaperProfit
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