Tech Analysis / RSI Update Feb 14, 2026

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#1Mar 10, 2021, 01:41 PM
I'm not really into following YouTubers and their forecasts, but I gotta admit that both "Cilinix Crypto" and "Bitcoin Hyper" nailed it by saying that we hit a local bottom after that huge drop on February 5. They pointed out that the chances of bouncing back seemed higher than hitting a new low. Just a heads up: this is all just speculation. I'm not a trader or a tech analyst, so take my thoughts with a grain of salt. Don’t make any big financial moves based on my random ramblings. - Monthly RSI: The monthly RSI has crept up a bit thanks to yesterday's jump. It's now at 42.46, which is better than the seven readings we had from June to December 2022. But we’re still below the lowest points from 2011 and all but one of the readings from the bear markets of 2013 and 2017. I’ve been worried for years about this long-term chart with its lower highs and lower lows, especially with the talk about diminishing returns. A new all-time low on the monthly RSI would’ve been a tough pill to swallow. So, it’s good to see the monthly RSI showing some strength, even if it's still near the bottom for now. - Weekly RSI: As for the weekly indicator, it’s flattened out and sits at 29 right now, if I’m reading it right. That still counts as oversold since it’s under 30. We’re way below the levels from the Covid crash and just barely above the lowest readings.
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