Prominent crypto analysts believe that Bitcoin may be on the verge of a significant rally. The stochastic relative strength index (StochRSI) on Bitcoin's weekly timeframe is currently oversold, indicating a potential accumulation phase before an upswing. One analyst points out that the last time Bitcoin was in this oversold territory, it surged about 80% from $60,000 to all-time highs. Another analyst suggests that Bitcoin is forming a bullish divergence in the daily timeframe, signaling a possible shift in momentum from bears to bulls. Additionally, $1.25 billion in stablecoins have been minted in the past 24 hours, leading to speculation that whales may be preparing to buy the dip. However, Bitcoin's price remains stagnant around $96,000 at present.



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