Potential BTC Bounce – Technical Analysis
Bitcoin is currently trading near a key support zone that has historically acted as a strong base for price reversals. The RSI is hovering near the oversold region, suggesting that the asset may be due for a relief bounce. In the past, similar levels have triggered upward moves, adding weight to a potential bounce scenario.
On the 1H and 4H charts, there’s a noticeable bullish divergence forming—while the price is making lower lows, the RSI is making higher lows. This divergence often hints at a possible trend reversal. Additionally, volume is showing signs of a slow buildup, which may indicate smart money accumulation.
If BTC holds this support level and prints a confirmation candle, we could see a short-term bullish move from here. However, a clean break below this level would open the door to lower support zones, so proper risk management is crucial.
This is not financial advice—just a personal analysis based on current market structure. Always DYOR (Do Your Own Research) before making any trading decisions.
