BTCUSD: Oversold but hasn't bottomed yet.BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin remains highly oversold on its 1D technical outlook (RSI = 24.421, MACD = -4104.300, ADX = 61.127) but that doesn't seem to be enough to affect the long term bearish trend from making a new Low. The 1M RSI LL trendline has historically been the one that priced all Cycle bottoms once tested. And baesd on its current course, this can take place anytime between August-October. The previous Bear Cycle bottomed a little over the 1M MA100, this time the market may test it (TP = 42,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##