📊 Quick Technical Analysis
✅ Quick rebound from the bottom! After dropping to $104,964, BTC rebounded strongly to reach $106,488 before retreating again, indicating short-term resistance but also clear buying interest.
✅ The RSI indicator is in the oversold territory! The current RSI is at only 20.27 – a very low level, indicating a potential upcoming bullish rebound, especially with buyers entering.
✅ The MACD is nearing a bullish crossover! With a significant difference (-74.77) between the MACD and DEA lines, we may see a bullish crossover soon if the price starts to stabilize or rebound.
✅ Increasing trading volume near the bottoms enhances the probability of an upcoming rise – liquidity is present and speculators are watching!
📈 Expected Scenario:
🔹 If the price returns to break the nearby resistance at $106,229, we may witness a retest of the $106,488 level and possibly an extension towards $107,000.
🔹 In case the decline continues, the $104,964 – $105,223 area may form strong support for a bullish rebound.
🔥 Are we facing a new bottom to launch from?!
With the RSI reaching extremely low levels, and the price holding above a key support, it may be the right time for bullish speculators.
📢 We value your opinion! Do you see $BTC heading towards $107K soon? Or is there a surprise on the way? Share your predictions!👇