✅ Bitcoin — Relative Strength Index
Bitcoin has reached a point of 32.6 on RSI. This happened only 5 times in modern history:
- Nov 2018: $BTC dumped to $3,100, then pumped to $13,000
- Mar 2020: dumped to $3,800, then pumped to $63,000
- June 2022: dumped to $17,500, then pumped to $25,000
- Aug 2022: dumped to $17,500, then pumped to $23,000
- Nov 2022: dumped to $15,000, then pumped to $125,000
And.. now — February 2026. What conclusions can we draw from this? The crypto market is already extremely oversold, taking into account Bitcoin dumped only 40% from ATH. Previous times it required at least 70% dump from the top. The market is maturing.
🍋 The bounce is coming, not sure it will happen from current points though. We may dive deeper at first , but may pump straight from here as well. So, opening short position right here is a bad idea — wait for the trigger. The overall trend remains bearish.$BTC
