Bitcoin's RSI Dips Below 30: What Does It Mean?
Update: 2025-11-18
Description
Bitcoins price has plummeted by 28%, dropping below $90,000, and the RSI has fallen below 30, indicating an oversold market. However, this doesnt always mean an immediate price rebound. Traders will look for new support levels and specific candlestick patterns to confirm this signal. The last time the RSI fell below 30, Bitcoin found a bottom near $75,000. Traders are now watching for similar signs, as the RSI can sometimes become a self-fulfilling prophecy.
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