BTC price action was at $25,000 the last time that daily RSI was as low as this week.
Bitcoin (BTC) is rapidly headed for “oversold” territory despite still trading above $40,000, the latest data shows.
As noted by analyst Matthew Hyland on Jan. 14, Bitcoin’s relative strength index (RSI) hit its lowest levels since September this week.
BTC price performance suffered a 15% drop after the launch of the United States’ first spot Bitcoin exchange-traded funds (ETFs) — and has so far struggled to bounce back.
