Bitcoin’s newest oversold RSI mirrors 2020 and February 2026 setups that preceded 50% and 30% rebounds, placing $70K again in focus.
Bitcoin (BTC) is now flashing its most oversold sign because the COVID-19 crash, elevating the chances of a reduction rebound towards $70,000 within the coming weeks.
Key takeaways:
As of Saturday, Bitcoin’s every day relative power index (RSI) stood close to 15.5, effectively beneath the 30 stage that usually marks oversold situations and its lowest studying because the March 2020 market crash.
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