BITCOIN may have reached already its bottom

This is the BTC/USD weekly chart (BITSTAMP Exchange) and Relevant Strength Index Oscillator aka RSI indicator.
What could extract from this chart?

We can see clearly 3 long BEAR MARKETS despite since 2012, Bitcoin has crashed and rise 13 times with many of those falls larger in percentage terms than the latest 2018 correction.
Also, having a look on when the RSI has marked an OVERSOLD condition, it seems evident to discover that the first and the second LONG BEAR MARKETS finished at the very same point on which RSI touched that condition:

Actually if we zoom-in, the BEAR MARKET 2 touched two times

About the author: TIMM Trader
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