BTC /USDT Analysis: Potential Reversal Ahead?

$BTC Bitcoin is currently in a deep oversold zone with the RSI(6) hitting an extreme low of 11.34, signaling a strong probability of a price bounce.

The price has pierced below the Lower Bollinger Band, suggesting panic selling is exhausted and a Bullish Relief Rally toward the $68,500 level is likely.

If the immediate support at $66,713 holds, expect a recovery trend back toward the 20-period moving average near $70,800.

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BTCUSDT

Perp

64,694.9

-10.84%