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Oversold Alert: Bitcoin's RSI Screams Rebound Potential Amid $63K Slump
Bitcoin's price hovered at $63,000 on February 6, 2026, after tumbling 11% to a 15-month low, erasing half its value in three months. usnews.com Crypto's total cap dropped from $3.02T to $2.5T in a week, with companies like MicroStrategy facing $8.9B unrealized losses. sg.finance.yahoo.com News: Tech stocks tanked alongside, Nasdaq down 2.2%, amplifying risk aversion.
Analysis: RSI at 17 marks the third-most oversold in history, hinting at a "violent upside" like post-2018 bottom. coindesk.com Trending on X: Bearish analysts dominate, but on-chain data shows falling exchange reserves and ATH hashrate. Meaning: This "healthy flush" weeds out leverage, paving for sustainable growth. Value: Use Binance futures to hedge or go long—oversold BTC often yields 2-3x returns in months. Empower your portfolio!
