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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

Bitcoin's market outlook continues to deteriorate amid persistent selling pressure, triggered by broader economic uncertainties and a decline in traditional markets. Currently, eight out of ten key on-chain metrics for Bitcoin are bearish, indicating a potential start to a bear market. A notable technical signal is the '