BITCOIN RSI ALERT ⚠️📉 BTC Nears Oversold Territory Last Seen in 3 Years 👀

Bitcoin’s Relative Strength Index (RSI) has reached an extremely oversold state, hitting its lowest level in nearly three years.

Key Highlights:

• BTC has fallen 36% from its all-time high of $126,000 to $80,500
  

• Weekly RSI dropped from 64 (Sept) → 35
  

• Last time RSI was at this level: Jan 2023, when BTC traded $15,500–$17,000

Analyst Jelle notes that when the weekly RSI hits such lows, it can signal either:

1️⃣ A nearing bottom

2️⃣ Or potential for further significant declines

BTC’s RSI suggests market fatigue, but timing the exact bottom requires caution. Traders should watch for reversal confirmations or continued weakness.

— AlertX Official