Post by Kraken
299,365 followers
Bitcoin's 14-day RSI just hit 15, the 5th lowest reading in its history. Last week's selloff drove momentum indicators to extreme levels not seen since the deepest bear market periods. Bitcoin also broke below its 200-week moving average at $61,800, the first cross since October 2023, a level that has historically marked bottom formation zones. Full breakdown in this week's Macro Minute w Thomas Perfumo👇 https://lnkd.in/eN9at4nW
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