Bitcoin Rises 3% as RSI Enters Extreme Oversold Zone, $200 Million in Liquidations Cleared

Bitcoin climbed nearly 3% from weekend lows after the relative strength index dropped into extreme oversold territory seen only six times in its history. More than $200 million in positions were liquidated as the price stabilized near $86,000. Altcoins including XRP and Zcash posted strong gains during the recovery, with Zcash surging over 14%.