After the sharp decline following the non-farm payroll data release, Bitcoin recovered over the weekend and has now surpassed the $63,000 mark, essentially making up for previous losses.


Technically, the daily RSI index had dropped to its lowest level since the market crash caused by the pandemic in March 2020, with some patterns indicating that BTC has entered an extremely undervalued zone, attracting some bottom-fishing buyers hunting for bargains.
BTC2.47%
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