*Bitcoin Pump Incoming?*
Based on the RSI indicator, Bitcoin is currently in an oversold zone, signaling a potential pump. Similarly, the MACD indicator has reached its lowest level since 2021, further supporting the possibility of an upward move.
Most indicators are showing oversold conditions, suggesting a bullish reversal might be near. However, on the *weekly timeframe*, Bitcoin has not yet reached the same extreme lows as seen during the previous major drop — which may indicate there's still room for further correction before a full recovery begins.
BTC
90,083.18
-2.11%