Bitcoin Mean Reversion Oscillator Shows First Oversold Reading in Months
Bitcoin is consolidating near $92,000 as selling pressure persists and market anxiety remains elevated. The Mean Reversion Oscillator has generated its first green oversold bar in months, a pattern that has historically coincided with cyclical bottoms during bull markets, according to analyst On-Chain Mind. The indicator measures price deviation from cyclical averages and has previously signaled accumulation zones when entering oversold territory while holding above the 35 line.