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A scary ride down - Bitcoin at oversold levels
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@luueetang
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1 min read
Bitcoin is crashing and crashing fast. At the time of writing, it is at 50k and trying to hold on. At this point of time, I am very sure, many have panic sold their cryptos.
Bitcoin's chart shows an extreme oversold level. On most of the charts that I see, Ethereum, Bnb, Cardano all points to an oversold level. Anything that goes down this fast is going to soon recover as fast. This could be the last few weeks of buying opportunity before a sudden rally.
I am expecting a strong rally as we head to Christmas in a couple of weeks time.
At the moment, there are going to be YouTubers who will make a dramatic scene out of all these cryptos. It is going to be very scary ride down at the moment.
