BTC Weekly RSI looks very good...
Even if this isn't the exact bottom, RSI indicates the bottom is being put in
While that $32.9k may or may not end up being the bottom, it's likely close.
Looking back at the history of the weekly RSI chart and we can see that the action we are seeing right now is what we often see on or around bottoms in the price of bitcoin.
Check it out:
(Source: https://twitter.com/100trillionUSD/status/1493660892743016456/photo/1)
More often this not, the current setup meant the bottom was in, though sometimes the price went on to retest the lows or even go slightly lower before ultimately reversing.
Either way, the bottom is likely in or close to being in and over the medium term bitcoin is likely to do well.
After we see the boobs pattern, value usually makes rapid move either up or down... Like I said earlier, if the markets are manipulated buy excess buying, the only possible direction is up followed by harsh crash until we hit the equilibrium where people buy and sell equal amount.