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BTC price falls to $34K as Bitcoin RSI reaches most 'oversold' since March 2020 crash

Published 01/22/2022, 05:54 AM
Updated 01/22/2022, 07:40 AM
© Reuters.

© Reuters.

Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView.

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the first half of Saturday.

Bitcoin futures funding rates chart (Binance). Source: Coinglass.
BTC/USD 1-day candle chart (Bitstamp) with RSI. Source: TradingView.

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