Julien Bittel, Head of Macro Research at Global Macro Investor, believes that after reaching a high of $126,080 on October 6th, Bitcoin's price continued to decline, stabilizing around $84,000 on November 22nd. This suggests that the sustained selling pressure has ended, and the Relative Strength Index (RSI), a measure of asset momentum, had fallen below the oversold level of 30. This has happened five times since 2023, with Bitcoin subsequently exhibiting a bullish trend each time. If history repeats itself, Bitcoin's price could surge to $170,000 in less than three months. (Decrypt)