This Bitcoin drop has been brutal—even the RSI is getting hammered! 🤣
Bitcoin dropped to $66,427 today, pushing the daily RSI deep below 30. RSI at 24.48?! Even the indicators are screaming at this point.
And this isn’t the first time we’ve seen this kind of reading. Back in February and June, RSI also entered oversold territory, and both times BTC managed to put together some decent rebounds.
Now we’re seeing a similar situation again.
I’m not calling the exact bottom. Selling pressure is still there, and BTC could easily take another dip before recovering.
But after a drop this aggressive, I wouldn’t be surprised to see buyers finally step back in.
First, I want to see $66K hold. Then let’s get $BTC back above $70K.
Come on, bulls… you’ve taken enough beating. Let Bitcoin breathe for a while! 😂🚀
Bitcoin dropped to $66,427 today, pushing the daily RSI deep below 30. RSI at 24.48?! Even the indicators are screaming at this point.
And this isn’t the first time we’ve seen this kind of reading. Back in February and June, RSI also entered oversold territory, and both times BTC managed to put together some decent rebounds.
Now we’re seeing a similar situation again.
I’m not calling the exact bottom. Selling pressure is still there, and BTC could easily take another dip before recovering.
But after a drop this aggressive, I wouldn’t be surprised to see buyers finally step back in.
First, I want to see $66K hold. Then let’s get $BTC back above $70K.
Come on, bulls… you’ve taken enough beating. Let Bitcoin breathe for a while! 😂🚀
