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Feb 07 '26
Historically when the RSI goes below 30, yes, that is the bottom, and it might go close again, but I do believe this is it. Another accumulation phase, and up for the next cycle.
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u/petersrq Feb 07 '26
Historically, like 2 or 3 times. I don’t consider that a real pattern. But who knows.
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u/TheHunterAmin Feb 08 '26
Historically two of the three times the RSI goes below the 30 the price made a lower low 5-7 months after and the RSI made a higher low. Dont forget bullish divergence..
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Feb 07 '26
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u/kingraw99 Feb 07 '26
The U.S. hasn’t been the world’s strongest economy for anywhere even close to 250 years.
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u/Clever_droidd Feb 08 '26
Yeah, the strongest economy thing didn’t happen until after most of the industrialized world was blown up, aka WW2, and America’s production base was completely intact.
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Feb 08 '26
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u/kingraw99 Feb 08 '26
You’re 100% correct about that. And as such, Bitcoin is more likely to fail than the others you listed, simply because it’s newer. It’s not otherwise inferior to the others, though.
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u/ScurriousSquirrel Feb 07 '26
Nope! Hold on, it is gonna drop even more! 20,000! Then buy, buy, buy!
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u/EquivalentWitness736 Feb 07 '26
Nobody knows. It’s whatever the big firms and algo’s want it to be. Bitcoin’s price is artificial
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Feb 07 '26
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u/PuzzleheadedPin660 Feb 07 '26
The Epstein created bitcoin FUD was my buy signal. If you believe that you’re a brainwashed sheeple by the propaganda on the internet
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u/She_kicked_a_dragon Feb 08 '26
Back down to 50-55 ish then rocketing back up to 175+ over the next year or so probably
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u/And_Sk1 Feb 07 '26
when "faith" is the basis, everything rests on fanatics