Bitcoin Price at Critical Thresholds: RSI Indicates Two Possible Scenarios

Bitcoin (BTC) is trading at around $113,500, while technical indicators suggest that the market is entering a critical period. In particular, signals from the RSI (Relative Strength Index) indicate that the price is caught between the possibility of a pullback to $95,000 or a rise to $119,000.

RSI Warns: Is a Correction Coming?

According to technical analyses, when the weekly RSI falls below the 14-period simple moving average (SMA), it has historically heralded 20-30% corrections in Bitcoin. A similar risk is on the agenda this time.

Analyst Ali reminds that significant pullbacks have occurred in the past during processes that followed similar RSI structures. This situation suggests that a "profit realization" process could extend to the $95,000 region in the short term. However, this scenario has not yet been confirmed.

Divergence is Hopeful: Selling Pressure is Weakening

On the other hand, some analysts are pointing to bullish signals. The positive divergence between the RSI and price movements indicates that selling pressure is decreasing.

Sykodelic notes that the daily RSI is at a level similar to previous low levels seen around $98,000. This suggests that the area in question could be a accumulation zone.

Caleb Franzen interprets the RSI showing less decline while the price is falling as a sign that momentum is weakening downward. This structure could be a strong signal that the price has potential for upward recovery.

$119,000 or $95,000?

These technical outlooks highlight two possible scenarios:

Pullback to $95,000: If RSI signals and historical patterns repeat, this area could represent a "reset" phase. If sales intensify, this target could technically be feasible.

Recovery to $119,000: If the positive divergence in RSI is confirmed and the $112,600 support region is maintained, upward movement might be enabled. However, for this scenario, an increase in volume, daily closings above key moving averages, and clear technical confirmations are required.

Conclusion

Bitcoin is currently at a technically significant threshold. The $112,600 region plays a critical role in terms of the direction of the short-term trend.

Dropping below this level may increase the likelihood of a correction.

If maintained, the $119,000 level becomes a technical target.

However, to determine a clear direction for investors, additional confirmation signals such as volume and price closings should be closely monitored alongside RSI data. Multidimensional analyses are crucial to avoid misleading signals.