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Bitcoin Coinbase Premium weakens but RSI mirrors April bottom zone

The Bitcoin Coinbase Premium Index turned negative as BTC’s RSI hit its lowest level since April, but it could also mark the beginning of a slow recovery.

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💡 DMK Insight

The Bitcoin Coinbase Premium Index dipping into negative territory is a classic case of market sentiment swinging like a pendulum. With the RSI hitting lows not seen since April, it’s tempting to think we’re in a bear’s den. However, this could also signal a potential turning point, as oversold conditions often precede a recovery. Traders should keep their eyes peeled; sometimes the darkest nights produce the brightest dawns, or at least a decent cup of coffee.