Bitcoin Weekly RSI Falls to 27.8, Lowest Since June 2022

Bitcoin's weekly RSI dropped to 27.8 on Feb. 17, the lowest level since June 2022 and below the 30 oversold threshold, Cointelegraph reports. Bitcoin briefly touched $70,000 before pulling back amid holiday-thinned liquidity, with order book depth declining and liquidations totaling $120 million over the past four hours.