🔥🌟✨️ Bitcoin at a Crossroads: RSI Hints at Pullback to $95K or Rebound to $119K
Bitcoiners, are we cooling off or gearing up? BTC is teetering around $113K, and the market feels like it’s at a tipping point. We're closely watching the $112,600 support; if BTC loses this level, a drop to $95K is on the cards.
Analysts note that the last two times BTC’s weekly RSI dropped below the 14-SMA, it triggered 20–30% corrections; we all know crypto loves a good historical pattern.
However, if bullish divergence on the RSI holds and daily closes reclaim key thresholds, a rebound toward $119K could also be in play. Volume confirmation will be critical to validate either move. Patience is the name of the game until the market shows its hand.