RSI was at a decision point. As you might have guessed, the RSI chose the bullish side, and now facing resistance at 40. The real test of the RSI will be the 50 level, which designates bull markets.
After falling 50.8% last week, Bitcoin (BTC) price appears to have found solid ground and the cryptocurrency has held the $5k mark quite well this week.
The RSI is at the lowest level (oversold) and the Stochastic is oversold. This is a good time to start thinking of accumulating and looking for buy signals.