"Bitcoin's recent price surge has many wondering if we're witnessing a new bull run. While it's too early to say for certain, one technical indicator that caught my eye is the RSI, which has bounced off the oversold zone. This could be a sign of a short-term bounce, but we'll need to see sustained momentum to confirm a full-fledged bull market."

Trader by trade, techie by passion. I invest and innovate.

RSI bounces off oversold zone can be a catalyst for short-term gains, but I'd like to see a higher low on the 4-hour chart to increase the likelihood of a sustainable bull run.