🟩Following an extended period of selling, Bitcoin is, according to several analysts, beginning to form a local bottom. Trader Mister Crypto points to stabilizing price structure and renewed interest from major market participants opening long positions despite “extreme fear” across the market. The weekly RSI approaching the 30 zone — a level that previously aligned with cyclical lows — further supports the likelihood of a short-term reversal.
🟩Another factor is Bitcoin’s distance from the 50-week moving average around $102,000, a level BTC has historically revisited after significant drawdowns. Easing macro expectations and the Fear & Greed Index moving out of extreme territory add to the improving outlook, though analysts caution that the broader trend remains bearish and any rebound may be only a pause before another wave of volatility.