Bitcoin At Historic RSI Lows — Is The Final Flush Already Behind Us?
Bitcoin is trading at weekly RSI levels historically seen near bear market bottoms, signaling that selling pressure may be easing. While confirmation is needed, the market is in a zone often marking late-stage capitulation. The key question: was the recent drop the final flush, or is one last shakeout still ahead? RSI Compression Signals Downside Exhaustion According to crypto analyst Batman, Bitcoin’s weekly RSI has fallen back into the same territory that historically marked prior bear market bottoms. This momentum zone has repeatedly appeared during late-stage capitulation phases,....
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Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet […]
A potential final sell-off in Bitcoin is back in focus after market analyst Aaron Dishner warned that the asset appears structurally close to capitulation. Based on cycle timing, historical drawdowns, and converging technical signals, he argues the market may be nearing its last downside move before a longer-term bottom forms. He urges investors to brace for volatility as this “bottom year” unfolds. Bitcoin’s Past Fractal Points To One More Flush Dishner’s framework centers on a structural comparison to May 2022. On the weekly BTC/USDT chart, he outlines a sequence mirroring prior bear....
Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place. A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15 points out that short-term holders (STHs) have expanded their holdings by 330,000 BTC since May’s catastrophic LUNA collapse. As a result, they may be the canary in the coal mine signaling the path to market recovery.During the mass....
While Bitcoin continues to take a beating in terms of dollars, the top cryptocurrency also continues to lose its share over the market cap. In fact, with the most recent support level breached, BTC dominance could be targeting historic lows. Historic lows in BTC dominance could mean that an altcoin season unlike ever before is potentially ahead. Here’s a closer look at the metric that weighs Bitcoin against the rest of the crypto space and how it could impact altcoin performance. Bitcoin Continues To Lose Cryptocurrency Market Dominance At one point, there was only Bitcoin. As the....