Key takeaways Bitcoin plunged 16% over the past two weeks and briefly fell below the US$70,000 psychological level after MicroStrategy’s partial Bitcoin sale shattered the long-standing “never sell” narrative that had supported market sentiment. Despite the sharp decline, several contrarian indicators suggest selling pressure may be nearing exhaustion, including an extremely oversold daily RSI reading, […]The post Chart Alert: Bitcoin (BTC/USD) Potential Near-Term Bullish Reversal Emerging from the Sub-$70K Plunge appeared first on ActionForex.