"Bitcoin Buying Surge This Month... RSI Exceeds 50"

Son Min

Summary

It was reported that the buying pressure of new investors in Bitcoin surged in April, with the Relative Strength Index (RSI) exceeding 50.
The RSI has slightly decreased from its recent peak but is still maintaining a level of 80.
It was reported that new funds are flowing in due to Fear of Missing Out (FOMO) on Bitcoin's rise.

In April, the buying pressure of new investors in Bitcoin (BTC) has increased.

On the 23rd (local time), Glassnode announced on X (formerly Twitter) that "the buying activity of new investors in Bitcoin has significantly increased this month," and "the Relative Strength Index (RSI) has exceeded 50 throughout April." It continued, "Last week, it recorded a peak of 100 and is currently maintaining a level of 80," adding, "Fear of Missing Out (FOMO) on Bitcoin's rise is causing new funds to flow in."

As of 9:29 PM, Bitcoin is trading at $93,703 on the Binance USDT market, up 5.53% from 24 hours ago.

BTC