Bitcoin BITCOIN has rebounded 12.27% since hitting a weekly oversold signal. I won't immediately say that this rebound means the market has bottomed out, or that a major reversal has begun. I won't draw conclusions so quickly, let alone make predictions. But this position is indeed interesting and worth keeping an eye on. After all, there have been four times in history when similar weekly oversold occurred, and after each time, the price did rebound for a period of time. It's hard to say if it's the fifth time now, but the signal itself cannot be ignored.