📉 Historical Oversold Condition for Bitcoin 🪙

According to the Mayer Multiple Z-Score multiplier, BTC is currently in the oversold zone 🧊 — at levels we have already seen at key moments in history:

🔹 Covid Crisis 2020 → followed by the explosive bull market of 2021 🚀

🔹 FTX Crash (Fall 2022) → after which the bull market of 2023–2024 came 📈

📊 The indicator itself is considered a fairly accurate tool:

it shows how much the current price of BTC deviates from its long-term trend in terms of standard deviations 🧮

⚠️ Simply put: the market is again in a zone where historically people sold in fear, and then chased the price 😬➡️😎

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