Matrixport: The RSI indicator has reached a new low since August last year. Bitcoin usually rebounds after being oversold.
Matrixport published an analysis stating that Bitcoin is oversold. Historical data shows that there is usually a rebound after overselling. Currently, the relative strength index (RSI) has reached its lowest point since August of last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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