#Bitcoin falls below $60,000#

Bitcoin's recent price weakness has pushed its hourly RSI into "oversold" territory, reaching levels not seen since early October and even hitting the highest oversold level since BTC touched $60,000. This suggests that short-term sentiment towards Bitcoin has turned bearish, with investors potentially selling off the cryptocurrency, leading to the price decline. The RSI indicator is commonly used to gauge the overbought or oversold conditions of an asset. When the RSI is above 70, it is generally considered overbought, while below 30, it is considered oversold. The current drop of Bitcoin's hourly RSI into "oversold" territory suggests that the market may be experiencing a short-term pullback, but it doesn't necessarily mean that the long-term trend of Bitcoin has changed. Investors need to closely monitor market dynamics and make investment decisions based on their own circumstances.