Bitcoin Price at a Turning Point? What Could Happen Next
Bitcoin (BTC) is currently trading at $114,890, showing a modest +0.11% recovery after dipping to a 24-hour low of $114,121. The 15-minute chart reveals a brief but intense sell-off, with prices slipping as low as $114,616 before finding support.
But here’s where it gets interesting…
🔍 RSI Says We’re Close to Oversold
• RSI(6) = 35.39
• RSI(12) = 43.59
• RSI(24) = 48.61
With short-term RSI nearing oversold territory, we might be looking at a potential bounce-back if bulls take charge. However, momentum is still weak, and volume doesn’t show strong buying pressure—yet.
📉 Resistance to Watch
• Immediate resistance sits near $115,289, with a bigger wall at $115,720 (24h high).
• Support is firming up around $114,616, and a drop below $114,121 could invite another leg down.
📊 So, What’s Next?
If bulls defend current support and RSI crosses back above 40 on the lower timeframes, we might see a quick push toward $115,500+. But if selling resumes, expect a test of $114,000—and possibly lower.
Quick Tip: This is a great time for short-term scalpers and range traders. Set alerts, watch RSI, and keep an eye on volume spikes for clues.
