Bitcoin’s Epic Comeback: Oversold No More as XRP and ZEC Skyrocket

Bitcoin climbed 2.7% to around $86,466 after dipping into “extreme oversold” territory on the RSI indicator.
XRP shot up 7.7% to about $2.04, showing strong momentum amid the broader recovery.
Over $206 million in liquidations wiped out sellers, easing pressure in thin weekend trading.
ZEC led the pack with a 14.1% jump to $574.05, building on its massive 922% year-to-date gains.

Data from:https://coinmarketcap.com/currencies/bitcoin

The crypto markets don’t stay down for long. On a quiet Sunday, Bitcoin made a surprising turn around after hitting rock-bottom signals that screamed “oversold.” This isn’t just a blip; it’s a reminder of how quickly things can change in the world of digital assets.

Traders keep a close eye on Bitcoin’s relative strength index (RSI) when it falls below 30, which is a sign that sellers are getting tired. In the past, this “extreme oversold” zone has led to quick bounces, like in 2023 and earlier this year. Analyst Ali Martinez pointed it out early by posting a chart on X that showed similar recoveries in the past. His post? The RSI shows that Bitcoin $BTC is very oversold right now. The market bounced back quickly in the last two cases.

Add in more than $206 million in liquidations, which are when leveraged bets go bad, and you’ve got a way to feel better. Thin liquidity on weekends made the situation worse, turning a sell-off into a chance to make money. It feels like the market took a deep breath after weeks of stress.

Bitcoin got a lot of attention, but altcoins stole some of it. XRP, which is often linked to Ripple’s legal wins and payment technology, rose 7.7% to about $2.04. This move shows how strong it is, even though the markets were shaky.

Then there’s ZEC, the coin that protects your privacy. It jumped 14.1% to $574.05, continuing a crazy run: up 113.5% in the last month and an incredible 922% since January. Privacy-focused assets like ZEC and Monero are doing better, possibly because people want safer transactions in these uncertain times.
Ether wasn’t far behind, rising 4.5% to $2,835. Solana, BNB, and other coins also had good days.