Bitcoin's weekly chart is flashing some interesting signals right now. The RSI has dipped back into multi-year oversold territory, matching lows we haven't seen in years. When you spot these extreme readings on the weekly timeframe, it typically telegraphs strong mean reversion pressure building underneath. A significant bounce looks increasingly probable as these conditions have historically preceded notable rallies. Worth keeping tabs on how price responds around these levels.
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NoStopLossNut
· 3h ago
Weekly RSI entering oversold? Is it going to rebound again? Every time you say the same thing.
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GasGuru
· 7h ago
Weekly RSI breaking bottom this time, historically it always rebounds... Let's wait and see how high it can go.
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ColdWalletAnxiety
· 7h ago
The weekly RSI is so low, time to buy the dip... but I'm also afraid of a failed rebound, it's really a dilemma.
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AirdropHermit
· 7h ago
Weekly RSI is so extreme, every time in history it has rebounded strongly. This wave has potential.
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RugpullTherapist
· 7h ago
RSI so low? What does history say? The rebound probability is indeed high, but will this time be another false breakout?
Bitcoin's weekly chart is flashing some interesting signals right now. The RSI has dipped back into multi-year oversold territory, matching lows we haven't seen in years. When you spot these extreme readings on the weekly timeframe, it typically telegraphs strong mean reversion pressure building underneath. A significant bounce looks increasingly probable as these conditions have historically preceded notable rallies. Worth keeping tabs on how price responds around these levels.