Watch out for a potential bullish RSI divergence. Since the end of Q4 2022, every major Bitcoin bottom has occurred AFTER the production of a bullish RSI divergence. Specifically when the RSI fell below 30 and then produced a higher low, while price produced a lower low.

Here's the challenge... Bullish RSI divergences are bullish setups. And bullish setups tend to fail in bear markets. We're in a bear market now, so the possibility of this one working is very slim. Maybe it produces a dead cat bounce. Look at the failures in the 2022 bear:

The divergence in December 2021 would've produced a buy signal around $48k, then fell to $33k a month later. The May 2022 divergence would've produced a buy at $30k, then fell to $17k one month later. The Sept.'22 would've produced a buy at $20k then fell to $15k.

In the long-run, these purchases were profitable. Buying at $20k, $30k, and $48k were good buys, with the benefit of a hindsight and an eventual bull market. But investors had to get punched in the mouth first, hard. Just something to think about.