Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

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On the daily chart, downside exhaustion signals are starting to appear, similar to what occurred on Jan. 24, which preceded a 30% price jump. This time, however, the relative strength index (RSI) is not deeply oversold, which could delay a potential upswing in price.



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