Bitcoin Over Sold

A key long-term bitcoin (BTC) price indicator is reporting oversold conditions for the first time in almost four years.The widely followed 14-week relative strength index (RSI), which oscillates between zero to 100, is currently seen at 29.80 – a level last seen in January 2015.An asset or a cryptocurrency is considered to be oversold if the RSI is holding below 30.00. On the other hand, an above-70 reading indicates overbought conditions.Essentially, the under-30 reading on the 14-week RS