Analysis: The Weekly Stochastic Oscillator shows that Bitcoin has the ability to average its short-term return.

According to a CoinDesk report from June 15, Fairlead Strategies Founder and CEO Katie Stockton reported that Bitcoin's weekly stochastic oscillator has returned from oversold or below the 20. 20 means that the market is oversold and an index above 80 means the market is overbought. According to data from Per Stockton, Bitcoin's initial strike is around $ 47,000, and you could benefit even more if that protection breaks.