BTC daily RSI hits lowest since 2020 COVID crash, signaling rebound

Bitcoin's daily Relative Strength Index (RSI) has dropped to 15.5, its lowest level since the market crash caused by the COVID-19 pandemic in March 2020, according to an analysis by Cointelegraph. The outlet suggested that this oversold indicator could signal a rebound, noting that similar RSI readings in March 2020 and February 2026 were followed by rallies of 50% and 30%, respectively. The analysis concluded that if Bitcoin can hold the $60,000 support level, it has a high probability of reclaiming its 20-day exponential moving average (EMA) near $70,650 within a few weeks. Conversely, if the $60,000 support level is breached again, the price could fall to the mid-$50,000 range.