Bitstamp shows bitcoin bottom at $83,404 as hourly RSI hits 27
- —Bitstamp low printed at $83,404; hourly RSI fell to 27
- —Daily RSI at 54; price above EMA-20 of $83,520 and SMA-30 of $81,827
- —A recovery above $84,350 is needed to stabilize the short-term chart
- —A break lower opens the next daily pivot at $81,950
Why it matters: Hourly signals are oversold while the daily trend holds, leaving $83,404 as the key level to watch for near-term direction.
Source: TokenPost