Bitcoin is up 3% over the past 24 hours after rising from an intraday low near $33,000, while the broader crypto market has stabilized.
The relative strength index (RSI) on the daily chart registered the most extreme oversold reading since the March 2020 crash. The previous extreme low was on Nov. 20, 2018, which preceded a few months of rangebound price action before a rally took place.
For now, a downtrend of lower price highs since November remains intact, which means sellers could remain active at resistance levels.
DOJ opposes news media request to unseal Trump search affidavit The Justice Department on Monday responded in a legal filing to news media groups asking a a judge to unseal the Trump search affidavit in the public interest.