The data shows that the Bitcoin Relative Strength Index is currently the highest since the beginning of 2018.

The Bitcoin Relative Strength Index (RSI) is currently at its highest level since the beginning of 2018, which may be a positive sign in the cryptocurrency market. According to statistics, the bitcoin RSI exceeds 50, that is, the traditional bull market barrier, and also breaks through the 53 to 60 range as the base during the 2016-2017 bull market and resistance to the former bear market. Analysts say the RSI value in the shorter time frame is overbought, so price corrections can be expected, but the long-term bullish view of the bitcoin market remains unchanged as long as its weekly RSI can hold the benchmark for the previous bull market. RSI 53 is fine.