Bitcoin is approaching the highest oversold levels of all time.
The weekly RSI index is currently lower than almost all historical levels. Instances of the index being lower since 2016 have only occurred during: - November/December 2018, when Bitcoin sharply declined from $6,000 to $3,000. - June/July 2022, during the collapse of 3AC and Genesis's final bankruptcy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is approaching the highest oversold levels of all time.
The weekly RSI index is currently lower than almost all historical levels.
Instances of the index being lower since 2016 have only occurred during:
- November/December 2018, when Bitcoin sharply declined from $6,000 to $3,000.
- June/July 2022, during the collapse of 3AC and Genesis's final bankruptcy.