Bitcoin Price Prediction: RSI Hits 23 as BTC ETFs Bleed Back to Pre-Election Levels
Share:
Bitcoin traded at $61,433 on June 10 with a daily RSI of 23.85, the most oversold reading since February 2026, and all EMAs pointing down (20 EMA $67,887, 50 EMA $71,984, 100 EMA $74,192, 200 EMA $79,393) after briefly dipping under the 200-week SMA near $61,800. Spot Bitcoin ETF net assets fell to $77.58B and over $92.14M in long liquidations versus $27.13M in shorts occurred in 24 hours, signaling renewed downside pressure for the crypto market and elevated risk for traders on CEXs and DEXs.
Predictions Markets
See what traders are focused on
- BTC trades at $61,433 with daily RSI at 23.85, the most oversold reading since the February 2026 low
- Spot Bitcoin ETF net assets fell to $77.58B, back to levels last seen right after Trump’s November 2024 election win
- Over $92.14M in long liquidations hit in 24 hours against just $27.13M on the short side
Bitcoin trades at $61,433 on June 10, holding above a support zone that briefly broke on June 5 and 6 as Fidelity Digital Assets flagged that price dipped under the 200-week SMA near $61,800, a level historically tied to forced selling events.
Bitcoin Daily Chart: RSI at 23 With Every EMA Pointing Down
The daily chart is about as bearish structurally as it gets. All four EMAs sit overhead in a bearish stack: 20 at $67,887, 50 at $71,984, 100 at $74,192, and 200 at $79,393. Price is channeling lower with no reclaim…
Read The Full Article Bitcoin Price Prediction: RSI Hits 23 as BTC ETFs Bleed Back to Pre-Election Levels On Coin Edition.
Read More
Eric Trump’s American Bitcoin forces 1-for-15 reverse split to avoid Nasdaq delisting amid 8k BTC holding
