Analyst: The RSI index shows that BTC may usher in another large-scale callback

Crypto currency technology analyst Eric Thies posted on Twitter today that the recent rebound in the Bitcoin market failed to push its RSI index (a measure of trend strength) into a bullish range. Thies shared four charts of Bitcoin ’s long-term RSI trends and said: "The overall RSI (time) frame is generally bearish, indicating that BTC may fall after the last potential rise in the next week.