Lark Davis|6月 05, 2026 06:43
Bitcoin daily RSI is now tied with February and the Covid crash with being the most oversold reading since 2015 (Coinbase charts start from Jan 2015). Only one time was more oversold at the bottom of the 2018 bear market.
So far we have had a perfect technical breakdown from the channel on BTC with the 62k target hit and the 200 week SMA tagged.
The crazy thing is that nothing is really happening.
Sure, people are worried about Saylor again just like everytime BTC dumps. Sure Quantum fears are real and need to be addressed, but that is years out. Sure, maybe some are selling to chase equities or the SpaceX IPO.
But, f*ck me, we are insanely oversold here.(Lark Davis)
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