The Bitcoin Historian's X Text Claims Bitcoin RSI Crossed Above 50

A Nov. 12 post by The Bitcoin Historian (@pete_rizzo_) on X said Bitcoin’s relative strength index (RSI) crossed back above 50, a level the account linked to three earlier moves followed by new all-time highs.

The account attributed the claim to Fidelity and described the signal as marking the end of the bear market. It called the current dip temporary and characterized the signal as a historic buying opportunity.

RSI is a momentum indicator that measures the speed and magnitude of price changes. The post text names no Fidelity representative or research document and gives no dates or RSI readings for the earlier crossings.

Earlier posts from The Bitcoin Historian attributed market views to Fidelity on Oct. 29 and a potential $200,000 Bitcoin outlook to the firm on Oct. 22.