one: Bitcoin is the third most oversold ever, says one indicator, and violent upside could be next

The Relative Strength Index (RSI), a popular technical trading indicator, has plunged to 17. Only the bear market bottom in 2018 and the 2020 Covid crash saw lower reads. What to know : Bitcoin's RSI has fallen to 17 amid the panic selling of the past few weeks. That sort of oversold reading has only been exceeded twice in bitcoin's modern history — the 2018 bear market bottom and the 2020 Covid crash. On each of those occasions, BTC rewarded investor with multi-bagger moves in the months that followed.