 | Bitcoin is showing its lowest RSI level and the highest fear readings of the past 365 days—including the drop from 109k to 74k. If this isn’t a bottom signal, I don’t know what is. I know technical analysis isn’t 100% accurate, but historically an RSI of 30 or below combined with “extreme fear” on the Fear & Greed Index has always been a buy zone, not a sell zone. This looks like the perfect moment to accumulate more. Sure, we can always go lower, sentiment can get even more fearful, and RSI can dip further—but how long can that realistically last? Not long, I’d guess. Last time it was at this level was on 2022 dip at 22k, 2019 dip to 10 k and a 2018 dip to 6k. This is literally a historical reading of fear and greed index. Everyone is fearful expecting a huge bear market to wipe out trillions in USD. [link] [comments] |
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