Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests

A technical analysis indicator shows extreme oversold conditions in bitcoin as surging bond yields weigh over risk assets, including cryptocurrencies. Bitcoin’s 14-day relative strength index (RSI) has dropped well below 30, indicating oversold conditions. The indicator has dropped to its lowest since the coronavirus-induced crash of March 2020. The RSI is a momentum indicator ranging […]