The Bitcoin RSI indicator is currently at the same oversold level near $16,000 in January 2022, marking this phase as the 'final major capitulation,' analyst HodIFM recently posted on platform X and added:
66 Recognized profit-weighted index:
But historically, this phase is windy
Related articles: Bitcoin (BTC) price may fall below $64,000, experienced individuals issue 'active sell-off' alerts
