Bitcoin has reached the oversold (zone on the daily chart for the first time since the end of February.
Generally, we see a formation marked in yellow for a reversal. This means that a 1-2 month bottom movement formation is required for a complete reversal.
Even if we see a dip, expectations should remain low until the end of December. However, very strong positive news could change this.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin has reached the oversold (zone on the daily chart for the first time since the end of February.
Generally, we see a formation marked in yellow for a reversal. This means that a 1-2 month bottom movement formation is required for a complete reversal.
Even if we see a dip, expectations should remain low until the end of December. However, very strong positive news could change this.