Bitcoin ($BTC) has not been in oversold territory since August 2024. Historically, this has been a setup for some big moves. At least back in August, when Bitcoin was in similar oversold territory, it surged by an impressive 33%. With this latest dip, some are wondering if we’re going to see the same outcome this time as well, or if the current environment is just too set against Bitcoin to allow for that kind of rally. Key Market Indicators Show Significant Shifts The way large holders behave is highly correlated with Bitcoin’s performance. We don’t know for sure why the
The post Bitcoin Faces Oversold Conditions: What the Market May Be Signaling appeared first on The Merkle News.
