RSI sends a bearish signal for Bitcoin

Yes, when the RSI (Relative Strength Index) sends a bearish signal in Bitcoin, it's typically interpreted in several ways depending on the context:

• 📉 Overbought (RSI > 70): If the RSI has been at high levels and begins to turn downward, it indicates that buying pressure is running out and a correction may be imminent.
• ⚠️ Bearish Divergence: If the Bitcoin price is making higher highs but the RSI is making lower highs, it's a sign of trend weakness and usually heralds a pullback.
• 🔄 Mid-Level Crossover (50): If the RSI falls below 50, it's a sign that sellers are beginning to dominate over buyers.

The important thing is not to take this in isolation: it's usually confirmed with other tools such as support/resistance, moving averages, volume, or MACD.