Recent technical data for Bitcoin on the weekly timeframe indicates levels we haven't seen since the price was $15,000 (in late 2022).
📈 Key points in the report:
* Historical oversold: The weekly RSI index has dropped to its lowest levels in nearly 3 years, indicating that Bitcoin has entered the "oversold" zone. Historically, these levels have preceded massive upward rallies.
* Opportunity for a rebound: Analysts believe that this sharp drop in the index reflects a state of temporary panic, but from a technical perspective, it provides fertile ground for a strong price rebound that restores confidence to buyers.
* Value for use: It is worth noting that the "network value to transactions" ratio shows that Bitcoin is currently "undervalued" compared to the actual usage rate of the network.
* Recurrence of the scenario: This situation has only appeared a few times in Bitcoin's history, and each time it has represented a "golden opportunity" for investors before a new upward wave begins.
💡 Summary:
Despite the current volatility, long-term technical indicators are starting to show "capitulation" signals that precede local bottoms. Are we facing the last opportunity for accumulation before the next breakout?
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