Lately, looking at the Bitcoin chart, the RSI has dropped close to oversold levels. I thought about what this technically means, and generally, when such signals appear, it indicates a possibility of a rebound. Of course, it's not 100% accurate, but it's a pretty useful indicator for reading market sentiment. In markets with high volatility like these days, many people use these technical signals to time their moves. Personally, I'm watching to see how it behaves around this level.