$BTC - Bear Market Bottom Signal 📊

Bitcoin is currently indicating an extremely oversold condition. This assessment is based on the Stochastic indicator, specifically observed on the monthly timeframe.

Historically, over the past 14 years, Bitcoin's bear market bottoms have consistently occurred when the Stochastic reached extremely oversold levels. This pattern dates back to the very first cycle in 2012.

Significantly, Bitcoin's Stochastic has now once again entered this critical zone. This marks a potential bottom signal according to this long-term historical trend.

However, it is crucial to remember this analysis relies on the monthly timeframe ⏳. Consequently, the associated price action and market developments may unfold over a substantial and extended period.