Bitcoin has reached extreme oversold levels, with momentum indicators suggesting a potential reversal. Analysts, including Fundstrat's Thomas Lee and Global Macro Investor's Bittel Julien, view this as a positioning reset rather than the end of the bull market. Historical data from Julien indicates that Bitcoin often recovers after the Relative Strength Index (RSI) falls below 30. Analysts predict that if current trends persist, Bitcoin could reach new all-time highs, with the cycle potentially extending into 2026 due to prevailing liquidity and debt conditions.