Is Bitcoin Making a Bottom with Its Historical Drop?

The Number of Investors Experiencing Losses in Bitcoin is Increasing

Currently, there are 10 million Bitcoins in a state of loss. This represents the fourth highest level historically. Analyses show that Bitcoin has entered an oversold region. The Relative Strength Index (RSI) value was recorded at 3, one of the lowest levels seen in recent years.

Additionally, the Market Fear and Greed Index has a level below 10, indicating that fear prevails among investors. Predictions suggest that this situation may lead to a new dip in Bitcoin.

However, Bitcoin made a jump on Friday, starting from the 60,000 dollars it saw on Thursday to 68,000 dollars. This movement is raising some investors' hopes despite the uncertainty in the markets.