#BuenasnoticiasBTC Bitcoin enters a favorable zone for bullish movement

The BTC market is at oversold levels after a sharp price drop.

The price of bitcoin (BTC) is holding above USD 80,000, after its drop earlier this week to USD 73,000, its lowest in over three months. This movement, amid changes in its market, shows some strength for a trend reversal.

According to an analysis shared by CryptoQuant, conducted by the analyst known as Crypto Dan, the cryptocurrency market is in an oversold phase following a strong correction. That is, the supply pressure on demand has reached levels where a reversal may occur.