Bitcoin daily RSI has plunged to levels unseen since the COVID-19 crash, underscoring the severity of current capitulation according to @CryptoMichNL.

Price action at $61014.19 sits deep in bearish territory below both EMA50 at $67267.11 and EMA200 at $73706.39. The 4h chart reveals RSI(14) at 28.48 in oversold territory while MACD prints a bullish golden cross at -2284.74, hinting at potential momentum shift. With price trading inside the Bollinger Bands and testing near the lower support at $58957.67, a bounce toward upper resistance at $67492.32 could materialize before any sustained recovery. This setup aligns with broader crypto market crash narratives and informs near-term BTC price prediction models focused on capitulation exhaustion.