🪙RSI for BTC at level 30
Bitcoin is entering the oversold zone again as the RSI has dropped to 30.
Historically, such values appear during moments of strong correction when the market is already overheated with fear, and most participants are locking in losses or moving to cash.
An interesting point in past cycles is that after such values, accumulation phases formed, lasting from several months to half a year. It is during these periods that large capital quietly accumulates positions while retail loses patience.
