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Considering that trends in the cryptocurrency market often change, it can sometimes be difficult to gauge the right timing for buying assets like Bitcoin (BTC). However, there is one indicator that can help make this task easier, as observed by a renowned crypto trading expert. Specifically, popular crypto market analyst Ali Martinez pointed out that the relative strength index (RSI), using 14 periods, had always signaled the perfect time to buy the Bitcoin dip, as it does at the moment, according to the Analysis he shared in an X post on June 25. ‘Buy the dip’ now Indeed, as Martinez’s chart suggests, the RSI indicator , which measures the speed and change of price movements to assess overvalued or undervalued conditions, has been a solid predictor of the future price performance for the maiden crypto asset and when to ‘buy the dip’ (when the RSI is below 30). Picks for you ...

So far, 2024 has been a strong year for Bitcoin (BTC). While one of the earliest positive developments for the cryptocurrency – the approval of a series of U.S.’ first-ever spot BTC exchange-traded funds (ETFs) – led to a brief but significant crypto market downturn, the recovery in the second half of January and February has been nothing short of staggering. Bitcoin particularly found itself at the center of attention after it entered into a major and ongoing surge on February 26 which, by February 29, saw it rise above $60,000 for the first time since 2021. The momentum couldn’t be stopped even by a flash crash to $58,700 as the cryptocurrency exchange Coinbase (NASDAQ: COIN) buckled under pressure stemming from a surge of public interest in Bitcoin on February 28. Picked for you Unveiled: The healthcare stock with a century of sky-high returns you never knew about 18 mins ago SHIB and DOGE trigger $5 billion overnight explosion: Still time to buy? 1 ...