Bitcoin’s six-month gain is nearly 100%, outpacing Nvidia and the S&P 500

PANews April 11 news, according to CoinDesk, Bitcoin continues to outperform major assets, with an increase of nearly 100% in six months, exceeding the approximately 88% increase of chip giant Nvidia and the approximately 89% increase of Ethereum. The gain matched the SP 500's gain of just 18%.

Bitcoin’s relative strength index (RSI) currently stands at 79.02, at its highest level since the peak of the 2021 bull run. The last time it came close to this level was in October 2021, when it hit 72. An RSI above 70 indicates an overbought condition, where the asset price has risen too quickly and may soon pull back. However, RSI is just an indicator and not a foolproof predictor.