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Seeking Alpha 2022-05-16 23:09:23

Bitcoin Is Marked Down As Crypto Winter Wipes Out Billions In Market Value

Even though we’re entering the summer months, we may remember last week as another great "crypto winter."We’ve gone through painful crypto wipeouts before. We’re still in the early stages of this nascent technology, after all, so volatility remains high.Based on the 14-day relative strength index (RSI), Bitcoin is currently oversold, but it’s not quite as oversold as it’s been in the recent past.Through it all, gold has demonstrated resilience.

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