Bitcoin (BTC) Hits Third Most Oversold Level Ever, Signaling Potential Sharp Rally

Bitcoin (BTC) has reached an extreme oversold condition, ranking as the third most oversold in its history according to a key technical indicator. This rare market signal, often observed during periods of intense selling pressure, historically precedes significant price recoveries. Analysts highlight that such deep oversold readings have frequently been followed by violent upside movements. The current BTC price level is now being watched closely by traders for a potential bullish reversal. Market sentiment suggests that this could be a major buying opportunity before a possible sharp upward correction. The indicator underscores the cyclical nature of cryptocurrency markets, where extreme fear can set the stage for powerful rallies.