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Bitcoin is currently deemed oversold based on the 14-day relative strength index (RSI), which has dropped below 30. This suggests that the ongoing downtrend in BTC's price may be due for a pause or possible rebound. However, traders are cautioned that the RSI can remain in oversold conditions

Bitcoin's recent price action has indicated an oversold condition, as the 14-day Relative Strength Index (RSI) has dropped below 30. This typically signifies a sharp decline that could lead to a pause or potential rebound in prices. However, traders are cautioned that an oversold RSI can signal continued

The 14-day relative strength index (RSI) for Bitcoin (BTC) has dipped below 30, indicating an oversold condition. This status suggests that the recent decline in BTC's value could lead to a pause or potential rebound in price. However, traders should be cautious, as the RSI can remain in

The 14-day relative strength index (RSI) for Bitcoin (BTC) has fallen below 30, indicating an oversold condition. This situation suggests that BTC's downward trend may pause or reverse; however, it's essential to note that an oversold RSI can remain in this state longer than traders might

The 14-day relative strength index (RSI) for Bitcoin (BTC) has dipped below 30, indicating that it is in an oversold condition. This suggests that the current downtrend in Bitcoin's price has been strong enough to warrant a potential pause or rebound. However, traders are advised to be cautious