Bitcoin may be forming a local bottom as RSI nears oversold and whales open longs, fueling a possible relief rally toward the $100,000–$110,000 zone. Bitcoin may be carving out a short-term bottom after weeks of heavy selling, with one market analyst arguing that conditions are in place for a relief rally toward the $100,000–$110,000 range. In a recent video, trader Mister Crypto said Bitcoin (BTC)’s short-term structure shows signs of stabilization following what he described as “capitulation” across the market. He claimed that indicators tied to trader behavior suggest that large players have begun opening new long positions despite the sentiment plunging into extreme fear territory, a mix that has historically preceded bounces during downturns. One of the main technical signals cited is the Bitcoin Relative Strength Index (RSI) on the weekly chart, which is approaching the 30 level. “We have bottomed out for Bitcoin right here. We have been reaching the 30 level. Boom,” he said. Read more
Inter-Services Public Relations (ISPR) Director General (DG) Lt Gen Ahmed Sharif Chaudhry has said that Afghan forces open fire at Pakistani checkposts across the border to facilitate the infiltration of terrorists into the country. He made the comments during a briefing with journalists on November 25, a video of which was released by the ISPR on Friday evening. “Borders are always mutually guarded. Both countries [guard] them. Now, on the other side is such a country whose posts first engage your posts through fire, and an exchange begins. And then they have them (terrorists) pass through the gaps in between,” Lt Gen Chaudhry said. The DG ISPR said one would barely find any “administration” on the borders in terrorism-prone areas, except in “hardly five to 10 per cent” of the areas. “Go to Tirah, Khyber; you will not find any governance. Neither will you find any courts, nor any departments that deal with law enforcement and writ of the government.” The ISPR chief also pointed out that villages and populati...