Bloomberg: Technical signals suggest Bitcoin's recent downtrend may be coming to an end

According to Bloomberg, although November or the worst month for bitcoin performance this year, technical signals indicate that its recent downtrend may be coming to an end: 1. Bitcoin may look for support at around $ 6,500; 2. Bitcoin is now At a low 14-day relative strength index (currently at 25), this means that Bitcoin is oversold (when assets reach 30 or lower, it is considered oversold). Arca Chief Investment Officer Jeff Dorman said the market is clearly shrinking, thanks to a series of unfavourable developments, including repression in China.