$BTC weekly and why I think buying this area might pay out

The chart is straightforward. Technically (TA) looking at the RSI BTC is clearly oversold. This is the lowest BTC RSI W1 has been historically.

Now, this looks like armageddon and BTC could easily hit 12K or lower which wouldn't look like much on a bigger timeframe. Still, if I was buying for longterm this looks good.

This is not a financial advice and it is not even such a unique advice but, it is just my perspective to things. Good luck.