Bitcoin heading to 'oversold'?

in bitcoin •  7 years ago 

Looks like Bitcoin price may be heading to 'oversold' on the RSI potentially creating a double bottom at around the 6900 price point.

It certainly been on the downtrend after crossing below the 20 SMA for an overall 24% decline so far this week. Other cryptocurrencies have followed suit with an average of around 10-20% decline.

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