cryptd.in

另类 LinkedIn 适合加密人才

Bitcoin Hits Its Most Oversold Level Since August 2024 – Is A Rebound Coming?

-

由

cryptd.in
于

Bitcoin (BTC) has declined by more than 10% in the last two weeks, falling from approximately $98,000 to around $86,000 at the time of writing. The high selling pressure has pushed the flagship cryptocurrency to oversold levels it had not seen since August 2024.

Bitcoin Is Oversold, Time To Buy?

According to an X 邮寄 by seasoned crypto analyst Ali Martinez, BTC has entered oversold conditions it hadn’t seen since August 2024. Specifically, the Relative Strength Index (RSI) for Bitcoin has dropped to the lowest level in the last seven months.

For the uninitiated, the RSI measures Bitcoin’s momentum on a scale of 0-100, with values above 70 signaling overbought conditions and below 30 indicating oversold levels. According to the following chart, BTC’s RSI has tumbled below 30, indicating the digital asset may be significantly oversold.

ali

Notably, the last time BTC was this oversold – in August 2024 – it led to a 33% price surge, pushing the digital asset from $49,000 to $64,000 in two weeks. A similar trajectory today could propel BTC to around $110,000.

Acclaimed crypto investor The Wolf Of All Streets had similar thoughts on Bitcoin’s RSI. The investor shared the following 4-hour chart, saying:

Bullish divergence with oversold RSI still very much in play. At the moment, RSI still is making a higher low. We need to see a clear “elbow up” on the next candle to confirm. Nothing here yet.

wolf

Meanwhile, crypto analyst Rekt Capital predicts that there may be further downside for BTC. The analyst emphasized that BTC is getting closer to filling the Chicago Mercantile Exchange (CME) gap between $78,000 to $80,700, which was created in November 2024.

For the uninformed, a CME gap refers to the price difference between Bitcoin’s last traded price on the CME before the weekend and its price when the market reopens. Bitcoin is often believed to fill these gaps as part of a natural market correction, with the gap acting as a level of price support or resistance.

Mixed Opinion On BTC Price Action

The recent crypto market pullback has led to split opinions among analysts. For instance, a former Glassnode analyst recently said that the odds of being in a bear market are “not large.”

Similarly, recent analysis by Andre Dragosch, European Head of Research at Bitwise, indicates that BTC may be undervalued at current market prices. On the contrary, Standard Chartered predicts that there may be another 10% drop in BTC price. 

Although the opinion on Bitcoin’s short-term price action may be divided, the long-term bullish case for the digital asset remains intact. At press time, BTC trades at $84,963, down 2.4% in the past 24 hours.

bitcoin

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。