The Bitcoin prize was under intense Bearish in the past week and fell under $ 110,000 on Thursday 25 September. While Prime Minister Cryptocurrency has succeeded in stopping bleeding in the last day, the BTC price has difficulty reclaiming the psychological level of $ 110,000. Interesting is that the latest measurements of a technical analysis -indicator suggest that the Bitcoin price may have just reached a bottom and could be ready for a rebound.
Has the Bitcoin price reached a bottom?
In a post on September 26 on the X platform, a crypto analyst named after the renowned economist Frank Fetter unveiled That the price of Bitcoin may have just been entered a purchase zone. This price projection is based on the relative strength -index (RSI) -indicator on the daily BTC price diagram.
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The relative strength index is a momentum indicator that is used in technical price analysis to assess the size and speed that changes the price of an active. The RSI -OSSCILLOR is usually used to analyze whether a crypto activum (Bitcoin, in this case) is overbough or sold over, suggesting a possible price or trend removal.
When the relative strength -index above 70 breaks, this usually indicates an overbough market condition, whereby the price of the asset is probably confronted with sales pressure. In the meantime, a RSI value below 30 implies that the market is in a sold -out state, with the price about a potential rebound.
According to Fetter, the Bitcoin Relative Strength Index on the Daily Chart has fallen to the lowest level since the price base of $ 74,000. This price of decline, which was activated by the tariff war between the United States and China, saw the RSI -OSSCillator fall under 30 thresholds in March.
Since the soil on the $ 74,000 Mark and the RSI Low in April, the Bitcoin price has since been set up several of all time. If history is something to enter into, there is a chance that the flagship can find cryptocurrency support for the current price and run to a new high.
BTC is currently appreciated at around $ 109.331, which reflects a jump of only 0.2% in the last 24 hours. According to Data from Coingecko, the Prime Minister Cryptocurrency drops by more than 5% on the weekly period.
Crypto -Market comes in ‘Fear’ zone
The Crypto Fear & Greed Index is another signal that currently suggests a buying option in the Bitcoin market. According to the last chain Data from AlfractaalThis statistics has fallen to 28, which gives a strong fear of investors in digital assets.
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In the meantime, the fear and greed index of the stock market is at a neutral level, which means that pessimism should not reach traditional markets yet. With the Crypto Fear & Greed Index at the lowest level since April 2025, the divergence of traditional markets suggests potential battery possibilities in the digital assets market.
Featured image of Istock, graph of TradingView