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PlanB: Bitcoin RSI indicator has reached 70
Odaily News Encryption analyst PlanB posted on the X platform that the RSI indicator for Bitcoin has reached 70. Traditional investors generally use an RSI range of 30-70, which may lead them to start worrying that BTC is currently overvalued; however, the typical RSI range for Bitcoin is 40-90, and the current RSI of 70 is slightly above average. RSI stands for Relative Strength Index, which is used to measure overbought and oversold.