- Bitcoin’s 200-day MVRV drawdown hits -28%, most aggressive since 2021’s -9% to -20% peaks per CryptoBullet analysis.
- RSI plunges to lowest level since August 2023, confirming oversold conditions amid $84K stabilization.
- Price 28% below MA200; next months could see violent rebound if support holds, targeting $100K+.
Bitcoin’s 2025 bull run just took a savage gut punch, with the king of crypto now nursing a -28% 200-day MVRV drawdown—the most vicious in this cycle. That’s according to a razor-sharp analysis from @CryptoBullet1, whose November 22 post lit up X with 24K views, blending price action, RSI despair, and a glimmer of hope via the MA200.
The chart tells a tale of woe: BTC, fresh off a September ATH north of $116K, has cratered 28% in a blink, stabilizing around $84K after probing $82K lows. This isn’t your garden-variety dip; it’s the deepest 200-day retrace since 2021’s euphoria-to-agony arc, where prior cycles topped out at milder -9% to -20% haircuts. MVRV, that trusty gauge of holder pain, is flashing red, signaling widespread capitulation as weak hands flee and miners grapple with hashprice lows below $35/PH/s.
Enter the RSI: Bitcoin’s relative strength index has nosedived to levels unseen since August 2023’s bearish depths, when BTC languished sub-$26K. Traditional TA whispers “oversold” below 30, but in crypto’s wild west, it screams “fire sale.” CryptoBullet nails it: this is the lowest RSI footprint since that post-FTX abyss, with bearish divergences on monthly Stoch RSI echoing 2021’s cycle top—minus the red candle hysteria yet.
The silver lining? Price sits a mere 28% shy of the 200-day moving average, a magnet for bounces in past cycles. “In the next couple of months we’ll have bounce back to the MA200,” the post asserts, projecting a relief rally from these depths. With ETF inflows stuttering but institutional hodlers like MicroStrategy stacking sats unabated, absorption here could flip the script. Miners are hurting—hashrate dipping to 1.06 ZH/s—but that’s often the prelude to supply squeezes.
Bulls, take note: a clean weekly close above $85K validates the thesis, eyeing $95K liquidity next. Bears? Sub-$80K opens the floodgates to $70K psychological hell. As dominance hovers at 58% and alts bleed harder, this $84K ledge is crypto’s Alamo. Oversold extremes have minted millionaires before; will history rhyme, or is the cycle truly broken? Volume spikes will decide—strap in.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
