What to know: Bitcoin The cryptocurrency’s 14-day RSI has dropped below 30, a textbook oversold reading.
The indicator measures the speed and magnitude of price movement over a two-week period
While a reading below 30 suggests bearish momentum is dominant, analysts often read this as a sign that the selloff has been too rapid and could stall, allowing for a recovery. While not guaranteed, it’s a stance that has played out several times. Oversold readings in early February, November 2025, late February 2025, and August 2024 marked interim or major price bottoms.
So there are hopes the selloff may soon ease. Some analysts are more cautious. “Blood is in the water, trade accordingly,” Monarq Asset Management said in a Telegram chat. “With the long‑anticipated regulatory clarity from the CLARITY Act looking less likely every day (Jamie Dimon openly hostile, pulling no punches, using DC clout to position against it), value and speculative buyers are stepping back and looking for the long‑term, long‑anticipated capitulation move,” Monarq CIO Sam Gaer told CoinDesk. According to Gaer, $60,000 is back in focus and a break below that level could trigger a sell‑off to as low as $45,000, as forecast by the theory that the BTC price follows a four‑year cycle.