Bitcoin just bounced from another potential black swan event? The weekly RSI chart tells quite a story. It dipped into that 25-40 oversold zone—only the 6th time this has happened in Bitcoin's entire history. Pretty rare, right? And here's what catches attention: the pattern mirrors what we saw back in 2020 during that infamous crash. The RSI bottomed out at 35, same ballpark as previous capitulation moments. Now it's climbing back out of the blue zone. Whether this signals a genuine bottom or just a temporary relief bounce is the million-dollar question traders are wrestling with.
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ruggedSoBadLMAO
· 12-17 15:56
Coming back with this again? Thinking of bottoming out just because RSI is low? I said the same thing around this time last year.
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MemeEchoer
· 12-17 06:06
Still guessing the bottom? After 6 historic oversold signals, you dare to say this time is different. Laughing to death.
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OnchainSniper
· 12-17 01:54
It's that time again to guess the bottom. I'm tired of the repeating pattern of history.
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SatoshiNotNakamoto
· 12-14 17:50
Once again, the story of bottom rebound appears. This time, RSI is playing a bit aggressively.
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LiquidatedTwice
· 12-14 17:50
It's the same old RSI bottom theory again, always claiming the sixth time is a historic opportunity... why does no one ever profit from it?
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CommunityLurker
· 12-14 17:32
This RSI data once again confirms the bottom signal, but do I really want to believe it?
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Six times hitting historical lows, sounds incredibly rare, but I always feel it will drop again next time...
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The comparison with 2020 is interesting, but the market environment is completely different now
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Rebound, rebound, always a rebound. When can we truly stabilize?
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The number 35 really seems like a curse; it almost always fluctuates around here
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It's the old question of "bottom or false breakout" again. Honestly, we’ll have to see the next two weeks
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Oversold like this should rebound, but I think I’ll wait a bit longer before jumping in
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Will history repeat itself? Then why do I always miss out...
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GasWastingMaximalist
· 12-14 17:31
Nah, this RSI data is repeating the old pattern from history again. During the 2020 wave, I also saw it this way, but I still got trapped.
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GateUser-7b078580
· 12-14 17:30
The data shows only 6 instances of hitting a historical low, the 35 bottom in 2020 has now appeared again... Although, whether the rebound can continue is really hard to say. Let's wait and see how the hourly data develops.
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BearMarketMonk
· 12-14 17:28
It's just the curse of history repeating itself; wanting to tell a story after 6 bottoms? Human nature never learns.
Bitcoin just bounced from another potential black swan event? The weekly RSI chart tells quite a story. It dipped into that 25-40 oversold zone—only the 6th time this has happened in Bitcoin's entire history. Pretty rare, right? And here's what catches attention: the pattern mirrors what we saw back in 2020 during that infamous crash. The RSI bottomed out at 35, same ballpark as previous capitulation moments. Now it's climbing back out of the blue zone. Whether this signals a genuine bottom or just a temporary relief bounce is the million-dollar question traders are wrestling with.