Bitcoin's weekly Relative Strength Index (RSI) has fallen to 36, a level historically associated with market stress periods in 2015, 2018, 2020, and 2022. This suggests a potential stabilization phase as long-term holders continue to absorb supply. Despite the RSI drop, Bitcoin is trading near $90,000, indicating consolidation without signs of structural weakness. Market activity remains subdued, reflecting a phase of repositioning rather than panic.
Bitcoin's Weekly RSI Hits 36, Signaling Historical Support
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