. Bottom Forecast Based on the identified supports and the RSI in oversold territory, the price of BTC may be close to finding a bottom. Let’s estimate: Immediate Support: The nearest support is in the region of $52,282.07, which has been tested previously and may act as an important psychological level.
Strongest Support: If the price breaks this support, the next significant level is at $19,946.86, the historical bottom of the chart. However, given the RSI in oversold territory, it is more likely that the price will find support at $52,282.07 before dropping that much.
Bottom Estimate: Considering the strength of the support at $52,282.07 and the RSI indicating oversold conditions, the most likely bottom is in the range of $50,000 to $55,000. This represents a correction of about 36%-38% from the peak ($109,588.00), which is common in volatile cryptocurrency markets like Bitcoin.
$SOL Millions of Sol have been unlocked from the failed FTX and are being deposited on Binance to sell..and looking at the monthly chart you will see it goes to the bottom $5 to $8 ...stay alert in this movement