$BTC is back below the weekly RSI level 37.
Every cycle bottom in crypto has occurred below this level; but price can go a lot deeper before that bottom forms.
Data since 2014:
Drawdown from the first time RSI crossing 37:
Max ≈55%
Min ≈17%
Current ≈14%.
Time before bottom
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

