đ„ 3 signs the market may be preparing for a comebackâŹïž
The market has seen a sharp sell-off:
đ» Bitcoin plunged to around $60,500, its lowest level since October 2024.
đ» Total crypto market cap dropped to roughly $2.2T.
đ» Liquidations surged above $2B in 24 hours.
đ» Fear & Greed Index plunged to extreme fear (5) - the lowest in years.
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But there are bullish signs too:
đą Extreme fear often precedes market reversals - historically buyers step in at these levels.
đą BTCâs RSI is deeply oversold (~27), a condition that has led to rebounds in the past.
đą Technical patterns suggest the down-move is approaching a key target range.
đ The correction is deep and painful, but major indicators are now flashing potential reversal. A meaningful bounce could happen if demand returns.
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