Bitcoin’s latest oversold RSI reflects the 2020 and February 2026 setups that preceded the 50% and 30% spikes, bringing $70,000 back into focus.
Bitcoin (BTC) is now flashing the biggest oversold signal since the COVID-19 crash, raising the prospect of a rally towards $70,000 in the coming weeks.
Key conclusions:
On Saturday, Bitcoin’s daily Relative Strength Index (RSI) was near 15.5, well below the 30 level that usually marks oversold conditions and the lowest reading since the March 2020 market crash.
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