Bitcoin's Relative Strength Index (RSI) has recently fallen to 17, indicating the third most oversold condition in its history. According to NS3.AI, this level has only been surpassed during the 2018 bear market bottom and the 2020 Covid crash. Such an extreme oversold state is often a precursor to a significant upward price movement.
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Bitcoin's RSI Hits Third Lowest Level, Signaling Potential Price Rebound
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