BTC price weakness has an instant impact on RSI, which crashed to "oversold" levels not seen since early October.
Bitcoin (BTC) traders expect a short-term bounce as one BTC price metric sinks to its lowest levels in several months.
Data from Cointelegraph Markets Pro and TradingView reveals deeply “oversold” conditions on the BTC/USD relative strength index (RSI).
Bitcoin tanking 5% in a day has had serious implications for low-timeframe RSI.
