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Wajeeh Khan

Bitcoin Prices Are Deeply Oversold. What Crypto Price Predictions Say Could Come Next.

Bitcoin BTC Michael Saylor Crypto Tom Lee Fundstrat

Bitcoin (BTCUSD) is extending losses today, crashing to a near two-year low of about $60,000 this morning, as a perfect storm of macroeconomic, political, and technical factors continued to pressure the world’s largest cryptocurrency by market cap. 

At one point on Feb. 6, Bitcoin’s relative strength index (RSI) was seen at a historic low of 16, indicating its most oversold level since November 2018. 

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