Managing Director and technical strategist at Fundstrat Global Advisors Robert Leimer believes that from the point of view of technical analysis, bitcoin price this week showed a positive trend in the three-phased process of adjusting to the lowest possible level. However, he believes that on the completion of the downward movement so far, according to Forbes.

The relative strength index bitcoin (RSI) signals oversold, although it is not as low as in the other two deep corrections in 2018.

Data StockCharts.com

Slamer also convinced that EOS and TRON show a positive trend relative to bitcoin.

We will remind, earlier the head of Fundstrat Tom Lee explained why not he justified his forecast about the growth of bitcoin prices in the course of the conference Consensus 2018.

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