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The terms of Bitcoin has been nether intense bearish pressure implicit the past week, falling beneath the $110,000 people connected Thursday, September 25. While the premier cryptocurrency has managed to halt bleeding successful the past day, the BTC terms has struggled to reclaim the intelligence $110,000 level. Interestingly, the latest readings of a method investigation indicator suggest that the Bitcoin terms mightiness person conscionable reached a bottommost and could beryllium acceptable for a rebound.
Has The Bitcoin Price Reached A Bottom?
In a September 26 station connected the X platform, a crypto expert named aft the renowned economist Frank Fetter revealed that the terms of Bitcoin mightiness person conscionable entered a bargain zone. This terms projection is based connected the comparative spot scale (RSI) indicator connected the regular BTC terms chart.
The comparative spot scale is simply a momentum indicator utilized successful method terms investigation to measure the magnitude and velocity astatine which an asset’s terms changes. The RSI oscillator is usually utilized to analyse whether a crypto plus (Bitcoin, successful this case) is being overbought oregon oversold, suggesting a imaginable terms oregon inclination reversal.
Source: FrankAFetter connected XWhen the comparative spot scale breaks supra 70, it typically indicates an overbought marketplace condition, with the asset’s terms apt to look selling pressure. Meanwhile, an RSI worth beneath 30 implies that the marketplace is successful an oversold condition, with terms connected the verge of a imaginable rebound.
According to Fetter, the Bitcoin relative spot scale connected the daily illustration has fallen to its lowest level since the April terms bottommost of $74,000. This terms downturn, which was triggered by the tariff warfare betwixt the United States and China, saw the RSI oscillator autumn beneath the 30 threshold successful March.
Since bottoming retired astatine the $74,000 people and the RSI debased successful April, the Bitcoin terms has since gone connected to acceptable aggregate all-time highs. If past is thing to spell by, determination is simply a accidental that the flagship cryptocurrency could find enactment astatine its existent terms and run up to a caller high.
As of this writing, BTC is valued astatine astir $109,331, reflecting a specified 0.2% leap successful the past 24 hours. According to information from CoinGecko, the premier cryptocurrency is down by much than 5% connected the play timeframe.
Crypto Market Enters ‘Fear’ Zone
The crypto Fear & Greed Index is different awesome suggesting a bargain accidental successful the Bitcoin marketplace astatine the moment. According to the latest on-chain data from Alphractal, this metric has dropped to 28, signaling beardown fearfulness amongst integer plus investors.
Meanwhile, the Fear & Greed Index of the banal marketplace is astatine a neutral level, meaning that pessimism has yet to deed the accepted markets. With the crypto Fear & Greed Index astatine its lowest level since April 2025, the divergence from the accepted markets suggests imaginable accumulation opportunities successful the digital plus market.
Featured representation from iStock, illustration from TradingView
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