Quote from: Tmdz on January 23, 2022, 08:22:54 AM

We have not hit daily rsi levels this low in a very long time, only a few times in bitcoins history do they go below 20 rsi.
Even then there still is no point in calling the bottom, but we should be close.

If we can build a recovery from this point then things could start to look a bit better.

I think $30,000 is the benchmark on how BTC price can really go low. It's price may soon recover around the $40,000-$50,000 in the coming weeks/months. Though I do not fully understand on how candle charts go (RSIs, etc.), one thing that lets me see the light at the end of the tunnel is the opportunity to acquire more and HODL it for long-term. Basically, this price is a dream for long-term HODLer investors as this is the ATL price of BTC since January of 2021 (~$36,000).

If we were to follow that trend, I do speculate that its price may recover around $50,000 soon. No need to panic as these things happen due to its insane volatility and inflation.