BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash By Cointelegraph

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

CryptocurrencyJan 23, 2022 08:00AM ET

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

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 Bitcoin (BTC)/USD as it fell through $35,000 during the first half of Jan. 22.

Bitcoin futures funding rates chart (Binance). Source: Coinglass.

BTC/USD 1-day candle chart (Bitstamp) with RSI. Source: TradingView.

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