Bitcoin is approaching the highest oversold levels of all time.


The weekly RSI index is currently lower than almost all historical levels.
Instances of the index being lower since 2016 have only occurred during:
- November/December 2018, when Bitcoin sharply declined from $6,000 to $3,000.
- June/July 2022, during the collapse of 3AC and Genesis's final bankruptcy.
BTC-1.49%
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