TechFlow news, November 5 — According to the latest report by independent analyst Markus Thielen, Bitcoin is currently approaching an oversold zone, an area historically prone to price rebounds. Bitcoin has pulled back into the risk range previously warned by analysts based on on-chain signals and shifts in market structure, making current levels somewhat attractive for "buying the dip."
From a technical perspective, indicators such as RSI have shown signs of stabilization and recovery. However, analysts note that confirming a true market bottom may still require clearer daily-level reversal signals, along with a deleveraging and inventory-clearing phase driven primarily by spot market activity. Furthermore, a sustained upward trend will likely depend on fresh macro-level catalysts, which remain insufficient at present.
