🚨 BITCOIN RSI AT 15! IS A BIG BTC BOUNCE COMING — OR IS THE DOWNTREND GETTING STRONGER?

Bitcoin is showing a critical technical situation.

The daily chart is deeply oversold, but the weekly chart is still showing bearish pressure.

This is where traders need to separate a temporary bounce from a genuine trend reversal.

📊 BTC MARKET UPDATE

BTC/USDT: Around $68,723
24H Change: -6.52%

Market data: Binance, November 13, 2026, 07:48 UTC.

🔍 WHAT DOES THE CHART TELL US?

1️⃣ DAILY RSI — EXTREMELY OVERSOLD

• RSI (6): 15.37
• RSI (12): 24.00
• RSI (24): 33.19

These readings indicate intense selling pressure. A relief bounce is possible, but oversold does NOT automatically mean the bottom is in.

2️⃣ WEEKLY TREND — STILL UNDER PRESSURE

Weekly RSI (6): 26.72

The weekly Parabolic SAR remains above price. This means the broader trend has not yet confirmed a bullish reversal.

3️⃣ IMPORTANT SUPPORT LEVELS

🔹 $67,500–$68,000: Immediate support zone
🔹 $57,800: Previous major swing-low reference

A sustained breakdown below support could increase downside risk.

4️⃣ RESISTANCE TO WATCH

🔸 $70,000: Psychological level
🔸 $72,300: Near-term resistance
🔸 $75,300–$75,750: Stronger resistance zone

A recovery above these levels, supported by buying volume and improving momentum, would make the bullish case more convincing.

⚠️ THE BIG QUESTION

Is Bitcoin preparing for a relief rally after extreme selling, or are we witnessing another leg of the broader correction?

Remember: Oversold conditions are not guaranteed reversal signals.

💬 LET’S DISCUSS:

What do you expect next for BTC?

1. Strong relief bounce 📈
2. More downside 📉
3. Sideways consolidation ↔️

Share your technical view in the comments!

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