$BTC has fallen to its most oversold level in history.
Not long ago, everyone was happy to buy at around $120,000, while now the same people are patiently "waiting for $60,000"—the market psychology remains painfully predictable.
The area indicated by the current indicators has previously coincided with significant reversals:
The bottom of the bear market in 2018,
and the surrender of 2022 (FTX / LUNA crash).
This does not mean that a V-shaped reversal will occur immediately, but historically, this situation often marks the accumulation zone for the next round of significant gains.