Bitcoin Coinbase Premium weakens but RSI mirrors April bottom zone

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.

Key takeaways:

The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000.

Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone.

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