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$BTC Capitulation already happened.
Looking at the past two bear markets, we can see that the weekly RSI entered extreme oversold territory both times.
In 2018, it marked the exact bottom, while in 2022, one final leg down followed.
This time, the RSI once again reached extreme oversold territory, and since then we’ve seen additional downside just like in the previous cycle.
Does that mean the bottom has to be in?
No, but it does suggest that the remaining downside is limited, while the upside offers a much better RR from here.
Time to bid, imo.