Bitcoin weekly RSI hits most oversold zone since $15K–$17K prices as NVT Golden Cross signals undervaluation

Bitcoin has dropped 36% from its $126,000 all-time high to $80,500 on Nov. 21, pushing the weekly relative strength index to levels last seen in January 2023 around $15,500–$17,000. Analysts highlight that Bitcoin's RSI and NVT Golden Cross, which has recently fallen near -0.6 and remains negative, both suggest a structurally undervalued market that could be approaching a key turning point.