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IS BITCOIN OVERSOLD?As a rule of thumb, readings over 70 imply that an asset is overbought, while readings under 30 imply an oversold condition. Traders sometimes. Oversold is a term that is the opposite of overbought. It is used to signify that an asset such as Ethereum or Bitcoin is trading lower than its true value. A technical analysis indicator shows extreme oversold conditions in bitcoin as surging bond yields weigh over risk assets, including.
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