Bitcoin RSI indicator rebounds, but price remains suppressed by the 2025 downtrend line
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Analyst Markus Thielen pointed out that the Bitcoin RSI indicator once fell to the 30% oversold range before rebounding to around the 50% level, with the BTC price recovering from its low to about $64,645. The chart shows that since the June 2025 high of approximately $125,000, BTC has been in a downward channel, and the current price is still suppressed by this trendline.
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