Bitcoin RSI drops below 30, signaling potential reversal

The price of Bitcoin has fallen below the 30 level on the RSI indicator, which might suggest an oversold condition. An analyst suggests this could lead to a test of the all-time high (ATH). Interestingly, data shows that over the last day, BTC has decreased in value. Blockchain data indicates that the short-term purchase value for holders is around $97,000, potentially acting as a support zone. Another significant level is the one standard deviation range at approximately $83,200. If the bearish trend continues, key levels might include the STH buy price or even lower, at the 0.85 quartile of $95,600. Currently, BTC is trading around $101,000, with nearly a 5% drop over the past week. Attention should be given to new cryptocurrency analysts for further insights.