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Jordan Kerridge: Bitcoin weekly RSI remains below key bull-bear threshold
Jordan Kerridge is closely monitoring Bitcoin's weekly Relative Strength Index (RSI) to differentiate between bull and bear market cycles.
According to Kerridge, the indicator has historically been effective at signaling major shifts in market momentum. He observes that Bitcoin’s RSI still has not moved above a significant level that would suggest a transition into a bull market. Kerridge believes it is important to keep this technical indicator in focus until a clear breakout occurs.
Kerridge has previously focused on long-term investment outcomes in major stocks. He reported that a $1,000 investment in Tesla in 2011 grew to $380,000 over 15 years. In a separate analysis, he noted that a single $10.41 share of IBM purchased in 1932 would now be worth more than $1 million. These examples highlight his interest in tracking value growth across different markets.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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