🚨 Bitcoin Oversold — Important Risk-Reward Shift 🚨
Bitcoin has just flashed a weekly oversold signal not seen since early 2023, when BTC was trading near $15K.
That matters.
📉 BTC is now ~36% down from recent highs, and the weekly RSI has dropped into a zone that historically appears near major inflection points, not during random pullbacks. This indicator doesn’t visit these levels often — and when it does, it usually signals seller exhaustion, not the start of a fresh collapse.
This is not about calling an exact bottom.
It’s about recognizing when downside pressure is already mature and marginal selling power is weakening.
🔍 On-chain data supports this view:
Network activity remains strong
Usage is steady while price is discounted
When fundamentals stay active but valuation drops, that divergence rarely persists for long.
We’ve seen this pattern before:
2019
2020
Early 2023
Each time, sentiment was heavy, conviction was low, and indicators looked ugly — right before momentum quietly shifted.
Bitcoin doesn’t bottom when things feel safe.
It bottoms when confidence is scarce and data starts whispering instead of screaming.
⚠️ Oversold does not mean straight up tomorrow.
It means risk-reward is changing.
Stay alert.
Stay patient.
Don’t act impulsively.
#BTC #BitcoinPrice #CryptoMarket #CPIWatch #BitcoinNews
