Bitcoin

<p>The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-hits-the-most-oversold-levels-since-2023/">Bitcoin Hits The Most Oversold Levels Since 2023!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin hit a new low of $61,175 amidst the broader market decline and the Mt. Gox news. This significant drop represents a 17.82% decrease from its monthly peak of $71,656, recorded just two weeks before. It has hit the most oversold levels since 2023. Analyst Michaël van de Poppe stressed the severity of the situation, noting that Bitcoin, currently one of the most oversold assets, is a condition last seen during major disruptions like the FTX crash and the August 2023 correction. Bitcoin’s daily RSI of 30.93 added weight to the analyst’s assessment.</p>

Bitcoin Hits The Most Oversold Levels Since 2023!

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