3 Reasons Why Bitcoin (BTC) Might be Ready for a Major Rebound

The cryptocurrency market experienced another painful correction, which saw bitcoin (BTC) briefly plunge below $100,000 for the first time since ￰0￱ the past several hours, the bulls have managed to reclaim some lost ground, while three key factors signal that a more significant resurgence could be on the ￰1￱ for a Rally Again? The leading digital asset has been on an evident downtrend lately, with its valuation tumbling by nearly 10% in the past ￰2￱ market’s bearish tone hit a peak on November 4, when BTC temporarily plunged to around $99,000. Those curious to learn more about what triggered the crash can refer to our dedicated article ￰3￱ expected, the negative performance of bitcoin caused panic across the crypto space, and the popular Fear and Greed Index, which follows the investors’ sentiment, entered “Extreme Fear” ￰4￱ Fear and Greed,), which measures the speed and magnitude of recent price changes and helps traders identify reversal ￰5￱ technical analysis tool ranges from 0 to 100, and readings around or under 30 suggest the asset could be oversold and poised for a ￰6￱ of this moment, the RSI stands at approximately ￰7￱ RSI,) Might be Ready for a Major Rebound appeared first on CryptoPotato .