Bitcoin Sees Support at $20k as RSI Shows Oversold Signal

Written By: Marcus Wang

Edited By: Charmyn Ho

Macro and Overall Risk Sentiment

U.S. equities saw a volatile week, where Fed Chair Jerome Powell’s remarks sent the probability of a 50bps rate hike in March to 60.2% as of the time of writing. Meanwhile, the crypto market followed suit, with both BTCUSDT and ETHUSDT shedding 15.1% and 13.9%, respectively, in the past week.