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On Monday, shares of the Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) fell into oversold territory, trading as low as $40.34 per share. The Relative Strength Index (RSI) for BTC was noted at 29.6, indicating oversold conditions, while the S&P 500’s RSI stood at 40.9. A stock is deemed oversold when the RSI is below 30.
BTC’s 52-week performance shows a low point of $33.53 and a high of $55.96, with the last trade recorded at $40.65. The ETF is currently trading flat for the day.
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