[[{“value”:”A top cryptocurrency analyst has voiced his two cents about Bitcoin’s (BTC) future price action after the recent crash, suggesting a reversal might be imminent based on readings of the asset’s Relative Strength Index (RSI) indicator.
In the event of this rebound, altcoins will most likely follow suit, recuperating from the losses incurred amid the market-wide collapse. One altcoin to focus on during the market’s recovery phase is RCO Finance (RCOF).
Read to find out why RCOF is in the spotlight.
Analyst Highlights Factors That Could Trigger A Bitcoin Rebound
Crypto veteran and X user Benjamin Skew shared a historic chart highlighting instances where Bitcoin fell below the 25 range of the Relative Strength Index (RSI) indicator.
The chart shared in the August 5 tweet showed that Bitcoin last visited the 25 regions in October 2023. At the time, the flagship crypto traded for $24,710.
During the recent crash, BTC lost 30% of its market value, gradually sliding from $7
