Bitcoin Rebounds Above $87,000 After RSI Hits 22.65
Bitcoin recovered above $87,000 after a sharp decline pushed its 14-day RSI to 22.65, a level historically linked to selling exhaustion. The asset now trades near $86,900 but remains below its 50-day and 200-day moving averages at $107,482 and $105,108. The Fear & Greed Index stands at 13, reflecting extreme market pessimism.