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BTC plummeted 17% this week, the worst week since FTX.
But the RSI dropped to 15.5, the lowest since 2020. After RSI reached this level in March 2020, BTC rebounded 50%.
So the question is: do you think now is—
A. A dead cat bounce, breaking 60k, seeing 60k. Extreme panic = bottom signal, I choose B.
Not because I’m optimistic, but because 7B leverage has already been liquidated, selling pressure should be exhausted.
What about you? Comment below, choose A or B.
👇#BTC #Bitcoin #Cryptocurrency