'Buy the Dip': Crucial Crypto Market Metric Shows Unexpected Bullishness

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Despite Bitcoin's drop below $65,000, some bulls are still guarding market

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Although this may appear unfavorable, at first, it frequently hints at a market reset in which excess leverage is eliminated to make room for a more steady upward trend, given that there is potential for upward movement without the possibility of sudden overbought conditions. For now, the RSI for Bitcoin is circling the neutral zone. In spite of the recentdecline, this and the positive funding rates suggest that there may be room for optimism.

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