🚀 Bitcoin traders are on a rollercoaster as BTC's RSI dives to its lowest in months, suggesting a short-term bounce is on the horizon! 🎢

- BTC/USD's RSI plummeted from 81.7 to 16.6, a rare nosedive from "overbought" to "oversold" in just 24 hours.

- Historically, such RSI dips hint at potential price relief, with traders eyeing a rebound.

- Despite new local lows, some traders predict fresh highs post-bounce, using Elliott Wave Theory as their crystal ball.

Stay tuned for Bitcoin's next thrilling loop-de-loop!