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Gate Square New & Returning Creator Rewards are ongoing!
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📊 Is the bottom approaching? Bitcoin records historic levels in "oversold" conditions!
Technical data indicates that the Relative Strength Index (RSI) for Bitcoin has reached its lowest point since August 2023. We are now at levels not seen since the previous "bear market" bottom.
What does this mean historically?
🔹 Weak selling pressure: Sellers reaching exhaustion.
🔹 Consolidation phase: Price approaching a stable base.
🔹 Reversal beginning: Historically, these levels often precede a gradual rebound in the trend.
⚠️ Warning: Timing remains very sensitive, but data clearly indicates that the market is currently at extreme pressure zones.
Discussion question: Do you think this is the "buying opportunity" we've been waiting for, or has the decline not ended yet? Share your opinion in the comments! 👇
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