By CCN Markets: Bitcoin plunged below $10,000 on Thursday after a violent three-day selloff. But now is not the time to panic. If history is anything to go by, now might be the best time to accumulate bitcoin.
Zoom out to the longer-term charts and BTC is wildly ‘oversold’ according to the RSI indicator, which has accurately pinpointed bitcoin buying opportunities in the past. Last time RSI was this low was in November 2018, right before bitcoin’s huge 200 percent run-up.