Heres Why Bitcoin Analysts Say BTC Market Has Entered Full Capitulation

Bitcoin (BTC) sellers resumed their activity on Thursday as the BTC price dropped below $69,000, the lowest since Nov. 6, 2024.

Analysts said that Bitcoin showed signs of “full capitulation” and a potential bottom forming, due to extreme market fear, panic selling by short-term holders and the relative strength index (RSI).

Key takeaways:

• Short-term Bitcoin holders have sold nearly 60,000 BTC in 24 hours.

• The Crypto Fear & Greed index shows “extreme fear,” signaling a potential bottom.

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