Bitcoin’s Relative Strength Index (RSI) has just dropped below 50, sparking major concerns that the BTC price might be heading for another major correction. This move has also prompted analysts to closely watch for signs of an increased sell-off , as they decipher what the new RSI level means for the market. Historically, when the RSI of BTC falls below this level, it often leads to a significant price crash. This suggests that if past patterns were to repeat, Bitcoin could be gearing up for further breakdowns .

RSI Drop Signals Potential Bitcoin Crash

Crypto analyst Tony Severino has taken to X social media to announce that Bitcoin could see capitulation this month. His prediction is accompanied by a chart showing Bitcoin’s RSI falling to 48.19 on the BTC/Gold

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