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Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests

Bitcoin's relative strength index has dropped well below 30 to its strongest oversold reading since March 2020.

By Omkar Godbole|Edited by Parikshit Mishra
Updated Aug 22, 2023, 7:02 p.m. Published Aug 22, 2023, 5:23 a.m.
The 14-day RSI has dropped to lowest since March 2020. (TradingView/CoinDesk)
The 14-day RSI has dropped to lowest since March 2020. (TradingView/CoinDesk)