Bitcoin’s Sudden Drop: Analyzing the Path Ahead

Bitcoin experienced a significant market drop on Tuesday, falling below $90,000 and dropping by 28% in the past month. This rapid decline has triggered an RSI reading of below 30 – indicating potential selling pressure but also a sign of oversold conditions that could indicate a short-term reversal. However, seasoned market observers caution against relying solely on this indicator as long-term bearish trends continue to influence Bitcoin’s trajectory. 🔍