We should be getting pretty close to the bottom here. Historically whenever BTC touches oversold region on the RSI it has a big bounce. This pattern has been consistent for the past few years with the only exceptions at 2015 and 2014 bear market. On the RSI chart BTC has a little more room to move down. Due to the descending wedge we should see a bounce before 7k and if that pattern fails to sustain we have very strong support at 6k.
Daily trading volume and google search volume for BTC right now is still higher than late October and early November levels. At the time the price was similar to this region. This is a good time to be buying instead of selling.
