#BitcoinHitsBearMarketLow Bitcoin has recently hit a bear-market low, and the dynamics behind this move go far beyond just price charts. Here’s a detailed breakdown:
🔹 Price Action & Technical Factors
BTC Price: Bitcoin recently dropped to key support levels near $40,000–$42,000 (exact levels depending on exchanges).
Volume Patterns: Trading volume spiked on sell-offs, signaling capitulation by retail investors, while smart money showed accumulation signs at these lows.
Indicators:
RSI is in oversold territory, often a precursor for short-term rebounds.
Moving Averages: BTC is below its 50-d