Bitcoin (BTC) Nearing a Bottom? Prepare for a Potential Reversal

Bitcoin (BTC) has continued to plough a furrow to the downside, dropping below $108,000. However, the number one cryptocurrency is now heavily oversold and therefore a reversal makes perfect ￰0￱ could this potential reversal arrive, and what are the upside targets? Has $BTC formed a double bottom?) has turned down. A reversal back to the upside will be needed to stop it dipping under the 100-day SMA (green line).

Below this, the 200-day SMA (red line) generally marks the bottom boundary of the bull market, although this has been infringed each time there has been a big ￰1￱ Stochastic RSI indicators about to reset