Raging Bitcoin Bull Market Ahead, According to Key Indicator

📆 01/11/2023 15:18:00
📰 CoinDesk

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Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

That's the message from bitcoin's 14-week relative strength index , a momentum indicator used to measure the speed and change of price movements.

Developed by J. Welles Wilder, the RSI measures the speed and change of price movements and oscillates between zero and 100. The default period for calculating RSI is 14 days, but traders use 14-week and 14-month RSIs to gauge long-term momentum.

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