Bitcoin Hits Extreme Oversold Level: Fear Reigns as Price Soars Despite Undervaluation

A staggering oversold signal has emerged in the Bitcoin (BTC) market, marking one of its deepest readings ever recorded. Analyst Michaël van de Poppe reports this extreme reading, deeper than even the 2018 and 2022 crashes, indicating a near-unprecedented disconnect between price and underlying market value. While traders were excited to buy at $120,000 just recently, BTC now sits near $60,000-$80,000 after heavy downturns. This sudden reversal has left many questioning the future direction of the market, as fear dictates trading behavior even as data suggests a bullish opportunity.