According to CryptoSlate, Bitcoin recently flashed a rare capitulation signal, with its 14-day relative strength index falling below 30 in mid-November. Historically, this threshold has been tracked by traders as a sign of capitulation potentially triggering a significant rally. A chart from Global Macro Investor’s Julien Bittel, using LSEG Datastream data, suggests a possible trajectory toward $180,000 approximately 90 days after the oversold condition. This projection implies a substantial gain of around 105% in about three months. However, the report cautions that this chart represents an event-study average and not a definitive forecast. Investors pulled a record $523 million from BlackRock’s iShares Bitcoin Trust (IBIT) on Nov. 19 as Bitcoin slipped below $90,000, and net ETF inflows have all but flatlined since.

According to CryptoSlate, Bitcoin recently flashed a rare capitulation signal, with its 14-day relative strength index falling below 30 in mid-November. Historically, this threshold has been tracked by traders as a sign of capitulation potentially triggering a significant rally. A chart from Global Macro Investor’s Julien Bittel, using LSEG Datastream data, suggests a possible trajectory toward $180,000 approximately 90 days after the oversold condition. This projection implies a substantial gain of around 105% in about three months. However, the report cautions that this chart represents an event-study average and not a definitive forecast. Investors pulled a record $523 million from BlackRock’s iShares Bitcoin Trust (IBIT) on Nov. 19 as Bitcoin slipped below $90,000, and net ETF inflows have all but flatlined since.