Bitcoin Hits Record Oversold Levels As Panic Slams Software Stocks

A crypto-focused market commentator says Bitcoin has reached its “most oversold” level in history on the weekly Relative Strength Index (RSI), just as Wall Street dumps software stocks amid intensifying AI disruption fears and rising geopolitical risk around Iran. Lark Davis depicts the current setup as a “historic” capitulation across tech and crypto: Bitcoin in a months-long free fall, US software names seeing 2008-style monthly losses, and traders increasingly focused on the risk of a US–Iran conflict that could redraw the macro backdrop in days. Bitcoin Trades Like a Tech Stock, Not ‘Digital Gold’ According to Lark Davis, Bitcoin’s

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