Bitcoin has risen nearly 100% in 6 months! Analyst: Makes other assets look like garbage

This site (120bTC.coM): According to the "CoinDesk" report, Bitcoin continues to outperform major assets, with an increase of nearly 100% in the past six months, surpassing chip giant NVIDIA (NVIDIA) ) is up about 88%, Ethereum is up about 89% and the S&P 500 is up only 18%.

Well-known analyst Josh Olszewicz said in a recently released video that Bitcoin’s performance is so strong that it makes other assets “look like garbage.” In the video, he analyzed Bitcoin relative to major altcoins. and the performance of other assets. He said: If you are investing and trading and (the asset) doesn’t perform as well as BTC, what’s the point? In front of Bitcoin, almost all assets look like garbage.

Bitcoin’s relative strength index (RSI) is currently 79.02, which is the first time since the peak of the bull market in 2021, when the index hit 72 and fell to 38 during the crypto winter of 2022.

Generally speaking, RSI above 70 indicates an "overbought" condition, which means that asset prices have risen too sharply and may retrace in the short term. However, RSI is just an indicator and not a foolproof predictive tool.

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