According to Nic Puckrin, CEO of Coin Bureau, the weekly Relative Strength Index (RSI) for Bitcoin has fallen to a historic low of 25.6, indicating that it is oversold to a degree even beyond the levels seen during the market crash in 2022, and suggesting that a bottom may be near. The cryptocurrency has dropped approximately 50% from its all-time high of $126,000 set in October 2025. Analysts point out that the persistently declining Coinbase Premium Index is a key factor behind the recent sell-off, as the index has failed to rebound for nearly 40 days and may signal that Bitcoin prices could decline further amid hesitation from institutional investors.
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According to Nic Puckrin, CEO of Coin Bureau, the weekly Relative Strength Index (RSI) for Bitcoin has fallen to a historic low of 25.6, indicating that it is oversold to a degree even beyond the levels seen during the market crash in 2022, and suggesting that a bottom may be near. The cryptocurrency has dropped approximately 50% from its all-time high of $126,000 set in October 2025. Analysts point out that the persistently declining Coinbase Premium Index is a key factor behind the recent sell-off, as the index has failed to rebound for nearly 40 days and may signal that Bitcoin prices could decline further amid hesitation from institutional investors.