Bitcoin Technical Shock: Weekly RSI Undercuts Mt. Gox, 2018 Bear Market, and COVID Crash
Record-low RSI and a 50% OI drop signal deep stress as ETF outflows weaken institutional support. Bitcoin has printed one of the most extreme technical readings in its history. Momentum has collapsed to levels never recorded on the weekly timeframe. As spotted by Ash Crypto, weekly RSI has fallen below every prior macro panic event
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