🟢 Bullish Bitcoin Outlook 📈
Bitcoin is currently trading near $86,300, sitting in one of the most oversold zones seen in recent weeks.
🔍 Why this area matters:
RSI is near 19 → extreme oversold conditions
Price is far below short-term and mid-term moving averages
Heavy selling pressure suggests capitulation, not healthy distribution
Weak hands have largely exited after liquidation cascades
📊 Historically, zones like this often mark: • Seller exhaustion
• Reduced downside momentum
• High probability of a technical relief bounce
💡 While the short-term trend remains bearish, risk-to-reward is shifting in favor of buyers willing to be patient and manage risk properly.
📌 Key levels to watch:
Strong demand zone: 85K – 86K
First recovery target: 88.2K
Major resistance: 90K – 90.7K
🧠 This looks less like the start of a breakdown and more like a reset before the next move.
Markets punish impatience — and reward discipline.
