Bitcoin Outperforms Major Assets with Nearly 100% Increase in Six Months, Potentially Overbought According to RSI

04/11 07:39

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Bitcoin has seen a near 100% increase in value over the past six months, surpassing major assets such as Nvidia and the S&P 500. Its Relative Strength Index (RSI) is currently at 79.02, the highest since the 2021 bull market, indicating potentially overbought conditions. According to trader Josh Olszewicz, Bitcoin is outperforming most major assets, making everything else "look like junk". Despite concerns of overbought conditions, Bitcoin continues to outperform other digital assets and indices, including the CoinDesk 20 Index.

Bitcoin $77,554.93

-1.89%

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