Bitcoin Dips, but Could Be Bottoming Out: 3 Key Indicators Point to Stabilization

Recent price action shows Bitcoin dipping below $93,000 to a new low since early October. While bearish momentum remains strong, indicators suggest a potential stabilization and even a rebound. The recent sell-off has pushed the RSI into oversold territory, signaling exhaustion and potential consolidation between $94K and $100K. This is supported by Futures open interest remaining steady at $34.5 billion, indicating controlled selling with no massive leverage spikes.