Analyst flags six bullish signals after Bitcoin's drop to $76.3K
- —BTC slid from $82,000 to $76,300 and recovered to about $78,500
- —$1.31 billion of longs were liquidated in 24 hours, flushing leverage
- —RSI sits below its mid-August level while BTC holds above last month's low
- —Coinbase Premium hit a four-year low, last seen at the FTX collapse
Why it matters: Flushed leverage and fearful sentiment often precede a rebound, but a return of US buyers is not yet confirmed.
Source: Newsbit