$BTC Bitcoin is currently trading at $107,000 after a correction from its last peak of $110,500. The price has rebounded from an important support level at the 99 moving average = $106,200 on the 1D chart. The RSI is close to 25, and the Stochastic RSI is at an oversold level, which favors a technical rebound in the next 1 to 2 days. The MACD remains negative, but the bearish momentum is starting to weaken.