Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High

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Meanwhile, the Relative Strength Index (RSI), a price-chart indicator, for bitcoin slid to favorable ranges in European hours on Tuesday after reaching overbought situations final Friday. The device calculates market momentum for belongings, and an overbought degree implies costs are overvalued and could also be primed for a development reversal or corrective value pullback.