Bitcoin's RSI Crashes to 16 on June 6 as Price Consolidates Near $61K

BTC-0.85%
According to Bitstamp, on June 6, 2026, Bitcoin's daily RSI hit 16, marking one of the most oversold readings in recent months, while price consolidated near $61,000 after testing a $59,100 swing low. All 13 major moving averages are positioned above the current price, with the 200-period EMA at $80,090. Traders are assigning a 35% probability to a relief rally toward $65,000, with a 20% chance of renewed breakdown below $59,100.
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