Crypto
Bitcoin stochastic RSI shows bottom signal that ended 2022 downturn
Bitcoin’s stochastic RSI is moving almost exactly as it did near the end of the 2022 bear market, prompting expectations that an early-2023-style rebound could reappear. Crypto trader Quantum Ascend said Bitcoin’s daily stochastic RSI is passing through the same zone as in 2022 and breaking above the same level. The comparison chart shows a double bottom late in 2022 before a joint rise in early 2023. Some traders still warn of downside risks.
