Bitcoin's RSI Takes a Tumble: Time for a Bounce? 📉➡️📈

Bitcoin's recent 5% drop has sent its RSI to a three-month low of 16.6, leaving traders scratching their heads. This rare "oversold" condition has sparked chatter of a possible bounce-back.

- RSI, the trend strength meter, hit a low not seen since BTC was at $60K.

- Traders are eyeing a potential relief rally as RSI overreacts.

- Some still predict new lows, but others see a bounce on the horizon.

Is this the calm before the storm or the start of a new rally? Share your thoughts below!