Three signs that Bitcoin price could be near ‘full capitulation’

💡 DMK Insight

Panic selling among short-term holders is a classic sign that BTC might be hitting a bottom. With BTC currently at $61,422, the extreme fear in the market and oversold RSI levels indicate that we could be in the final stages of capitulation. This is crucial for day traders and swing traders to note, as it often precedes a potential reversal. If BTC can hold above the $60,000 mark, it might attract buyers looking for a bargain, especially if we see a shift in sentiment. Watch for volume spikes or bullish divergence on the RSI as confirmation. On the flip side, if selling pressure continues and BTC breaks below $60,000, it could trigger further panic and push prices down, impacting correlated assets like SOL, which is currently at $77.32. Traders should be ready to adjust their strategies based on these key levels and market sentiment shifts.