After going down 10%, Bitcoin hits oversold zone. It is the signal of being discounted.
I shared lots of analysis that Bitcoin would go down under 100-day moving average. Lots of FUDs dropped to the market and Bitcoin price only went down 10%..
Here you can see Bitcoin price chart with RSI Indicator and you can see what happened after being on oversold zone...
So, It is possible to move to 29K again...
Here you can see 100-day moving average on Bitcoin price chart and It is possible to go above again 100-day moving average..
It may be discount alert. We will see...