Here’s What Price Bitcoin Could Bottom Out at, According to Veteran Crypto Trader

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04-10 16:01

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Expand A widely followed crypto analyst is identifying where Bitcoin (BTC) may find a bottom amid market turmoil caused by US President Donald Trump's tariffs.

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A widely followed crypto analyst is identifying where Bitcoin (BTC) may find a bottom amid market turmoil caused by US President Donald Trump’s tariffs.

Crypto strategist Rekt Capital tells his 542,6000 followers on the social media platform X that the Relative Strength Index (RSI) – a technical indicator that signals when an asset’s momentum is due to reverse course – suggests Bitcoin may hold $70,000 as support.

Says Rekt,

“Whenever Bitcoin’s Daily RSI crashed into the sub-28 RSI levels that wouldn’t necessarily mark out the price bottom. In fact, historically, the actual price bottom would be -0.32% to -8.44% lower than the price when the RSI first bottomed. Bitcoin is currently forming its second low -2.79% below the first low. A repeat of -8.44% below the first low would see price bottom at ~$70,000.”

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