X @Joe Consorti

Bitcoin can definitely go lower from here, but it's not my base case.When BTC was this oversold in late 2018 on the weekly timeframe, it dumped another 44% — in 2022, it dumped another 54%.If a proper bear market is underway, things can get much worse.Bitcoin could chop around and form a bottom here like Sept. 2024 and Apr. 2025. After all, this is week five of chopping around the mid-80s.Bottom formation takes time.Joe Consorti (@JoeConsorti):Bitcoin's weekly RSI is at its most oversold level since...• End ...