Bitcoin Now Most Oversold Since 2020 Crash: Can BTC Recover to $70K Next?

BTC

BTC/USDT

$79,622.01

-1.50%

$79,622.01

-1.50%

(24s)

24h Volume

$17,439,160,209.06

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

Cointelegraph Staff

(04:06 PM UTC)

1 min read

Updated byEmily Watson

0 comments

Bitcoin (BTC) is now flashing its most oversold signal since the COVID-19 crash, raising the odds of a relief rebound toward $70,000 in the coming weeks.

Key takeaways:

Bitcoin’s daily RSI has dropped to around 15.5, its most oversold reading since the March 2020 COVID crash.
Similar oversold RSI readings in 2020 and February 2026 preceded sharp relief rebounds of about 50% and 30%, respectively.