Just checked the liberty indicator on Bitcoin and it's showing something interesting - BTC is hitting oversold levels that we've only seen a couple of times before in history. Third time ever according to this metric. When we've been this stretched to the downside in the past, the rebounds have been pretty violent. Not saying it's a guaranteed bounce, but this kind of extreme reading usually means buyers are lurking. The setup feels like one of those moments where the pain trade might be to the upside if we break through resistance. Worth keeping an eye on over the next few days to see if this indicator actually plays out like it has before.

BTC-1.43%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin