$BTC
BTC
68,707.95
+2.89%
Bitcoin is extremely oversold technically and on-chain.
Weekly RSI is at its lowest point. Price is far below the Bollinger Band. February is shaping up as the 5th consecutive red monthly candle (second-longest in history after the 2018 bear market).
Volatility spiked to 150%, and BTC loss-selling volume reached capitulation levels.
Many are shaken. The market needs time to digest this. Historically, setups like this often lead to multi-month consolidation.
This still aligns with our 1–2 quarter sideways outlook.
Take care of your finances and mental health during this tough phase 💪
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