#البيتكوين In a state of extreme overselling, just as was the case in previous bear market bottoms 🤯
Many indicators point to a state of extreme overselling. From the sharp decline in the Relative Strength Index (RSI) to energy indicators reaching levels not seen since major historical bottoms, #Bitcoin is showing patterns similar to those observed last in 2015, during the collapse of the cryptocurrency market due to the COVID-19 pandemic, and at the peak of the cryptocurrency market recession in 2022.
At the same time, a golden cross has begun to form - a classic signal of trend reversal, where long-term momentum begins to overcome the downtrend. While golden crosses do not precisely identify the bottom, they historically indicate the proximity to the end of selling pressure, often before the return of sustainable upward momentum.
If history repeats itself, this kind of alignment does not end with a gradual decline, but rather concludes with a momentum shift once the selling pressure ends and confidence reverses.
The patience phase may not be over yet, but the conditions are quietly set for a significant rise ahead. 🚀
