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via Cointelegraph · By Cointelegraph Staff
Bitcoin Now Most Oversold Since 2020 Crash: Can BTC Recover to $70K Next?
BTC
BTC/USDT
$60,187.98
+0.37%
$60,187.98
+0.37%
(24s)24h Volume
$8,423,707,329.97
24h H/L
$60,941.17 / $59,571.31
Change: $1,369.86 (2.30%)
Long/Short
67.5%
Long: 67.5%Short: 32.5%
Funding Rate
-0.0002%
Shorts pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(04:06 PM UTC)
1 min read
1348 views
0 commentsBitcoin (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.
BTC…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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