Bitcoin 4-Hour RSI Reaches Oversold Area – Is a BTC Rebound Coming?

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Bitcoin (BTC) has experienced significant volatility over the past 24 hours, plummeting from $99,500 to $91,231 due to increasing concerns about the U.S. imposing trade tariffs on Canada, Mexico, and China. However, some cryptocurrency analysts believe this sharp decline presents a buying opportunity, suggesting that BTC may be oversold and poised for a rebound.

Is Bitcoin ready for a rebound?

Yesterday, the cryptocurrency market experienced one of the largest sell-offs in history, with over $2.3 billion in liquidations affecting more than 742,000 traders. This level of liquidation exceeded that of the March 2020 COVID market crash and the November 2022 FTX collapse.

Despite the price drop, some analysts believe that BTC may have entered an oversold area, indicating a potential rebound. Cryptocurrency analyst Caleb Franzen shared insights in a post on X, emphasizing that Bitcoin's 4-hour Relative Strength Index (RSI) has dropped to oversold levels. He pointed out:

Will BTC face more troubles in the future?

The latest news is that Donald Trump and Mexican President Claudia Sheinbaum agreed to temporarily postpone the proposed trade tariffs, bringing some relief to the financial markets. However, uncertainty remains in trade negotiations with Canada, and investors are cautiously watching Bitcoin's next move.

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