Bitcoin Returns to Oversold Territory: Signal Suggests Potential Price Recovery Towards $110,000

Data from CryptoQuant reveals that Bitcoin has re-entered its “oversold” zone, a pattern historically associated with major market rebounds. This indicates the price has fallen well below its short-term cost basis, suggesting heavy selling pressure and potential exhaustion in the market. 90-day Realized Price Gradient Oscillator has dipped to -1.27 standard deviations (STDV), a notable indicator of cyclical bottoms.