Bitcoin price saw a decrease late on Thursday and Friday, as it decreased to $ 78400 before wearing a marginal.
BTC has now expanded its losses to 18 % since the opening of the week.
However, Bitcoin (RSI-14) has decreased to its lowest level since August 2023 and entered the “Over-Ever” lands, in both daily time tires and 4 hours.
With market feelings deeply, as shown in the Crypto Fear and Greed Index, analysts expect a possible local bottom to form a possible local bottom soon.
Bitcoin Rsi Overs, DIV is a rise in the time frame for 4 hours
The indicators of the Bitcoin Administration Conference in the “sale” lands decreased at an unusually rapid pace, indicating an exaggerated reaction from investors.
Take, for example, its path after its peak in Bitcoin in November 2021 at a price of $ 69,000, indicated in the blue vertical line in the scheme below. Daily investigation indicators have not decreased to less than 30 years until BTC has seen more than 50 % correction from its highest level ever.
Today, Bitcoin is traded by only 27 % less than its highest level ever, and the indicators of the Islamic Conference already have already decreased to 21.
The last time the BTC business management conference decreased this level in August 2023, when Bitcoin was traded at only $ 25,000. Before that, during the FTX crash in November 2022. Given that the current market conditions are much less severe, analysts argue that investors may be exaggerated in their reaction, and they manage each address of the declining macroeconomic economy.
Distinguished analyst Merlijn Trader High Bitcoin RSI is also exaggerated on the two -day graph. On two last two occasions this happened, BTC increased by 90 % and 175 %, respectively.
More importantly, the price of bitcoin is already an upward difference in the graph for 4 hours and can see a strong bounce in the coming days.
Buy bitcoin decline at this price
There is an increasing consensus among smart money investors that bitcoin price can go out to an area of 72 thousand dollars and 74 thousand dollars.
However, investors have already started smart money in BTC, expecting that the price may not decrease as low as expected, and may leave the most ready buyers.
Prominent Dan Tafir Trading It reveals that approximately $ 1.8 billion of bids appeared between 70 thousand dollars and 79 thousand dollars in the Binance’s Futures Consome market alone. Investors with a deep pocket already buy bitcoin decline.
If Bitcoin is still in an emerging market, the simple moving average for 50 weeks will be re -testing, a indicator that has not decreased below since March 2023.
Beta Bitcoin’s bets also in high demand
Bitcoin outperformed most of the performance in this bull cycle. While ETHEREUM is expected to show the bullish power, investors do not expect BTC to show lukewarm price procedures. Many projects that BTC can reach $ 150,000 in 2025.
It is not surprising, investors make smart money to buy beta bets on bitcoin. Not without any distinctive symbol of BTC Layer-2 STX chimneys It has increased by almost 10 % in its lowest level this week.
Likewise, a new Mimi currency, BTC Bull (BTCBLL)In the high demand, it has collected approximately $ 3 million in a short time.
The BTC is rare, making it an attractive investment for merchants who are tired of defrauding Solana.
However, its main sale point is its promise to free bitcoin. The project was mainly built that BTC is less than its current value and will reach $ 250,000 in the middle of the period and 1 million dollars in the long run.
As a result, BTCBLL holders will get Ricoin Airrops when the BTC price strikes some prominent landmarks. They will also benefit from BTCBUL AIR REDROPS and symbolic burning events, as well as the stoke bonuses that are already stacked by early buyers.
With a large number of cash privileges in the store, it is not surprising that the BTC Bull be in high demand. Investors in smart funds climb on its upscale capabilities, as many call it the next 100x.
