#Bitcoin falls below $60,000#

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Bitcoin's recent weakness has pushed its hourly RSI into "oversold" territory, a level not seen since early October. This means that Bitcoin's price has fallen sharply in a short period of time, breaking below the $60,000 mark, and could continue to decline.

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Analysis

Bitcoin's price has recently shown weakness, causing its hourly RSI to fall to "overbought" levels not seen since early October, even reaching the highest oversold level since BTC hit $60,000. This indicates a significant drop in Bitcoin's price in a short period, exceeding market expectations. This phenomenon could be attributed to various factors, such as changes in market sentiment, investor concerns about future market trends, and the impact of regulatory policies. Despite the recent decline in Bitcoin's price, its long-term value is still recognized by many investors, and its future trajectory remains to be seen.

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Bitcoin price weakness has pushed its hourly RSI into 'oversold' territory for the first time since early October.

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Bitcoin's hourly RSI has fallen to its most oversold level since BTC hit 60,000.

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