📉 Bitcoin $BTC | Could the downturn become an opportunity?
Bitcoin is trading near $64,700 after a strong sell-off, and the market is trying to catch its breath.
What stands out is that the daily RSI has reached around 20, an oversold level; but that doesn’t mean the decline is over.
🎯 Trading plan:
- Buy zone to watch: $62,200–$63,000
- First sell target: $65,300
- Second target: $67,200
- Extended target: $70,400
🟢 For buyers: It’s best to wait for a clear rebound from the buy zone and avoid chasing the price.
⚠️ A daily close below $62,100 weakens the recovery scenario and could open the way toward $60,200.
My view: Bitcoin is approaching a zone worth watching, but I’d prefer to see buyers defend support before entering. A good opportunity isn’t just a lower price, but the ability to regain strength.
Bitcoin is trading near $64,700 after a strong sell-off, and the market is trying to catch its breath.
What stands out is that the daily RSI has reached around 20, an oversold level; but that doesn’t mean the decline is over.
🎯 Trading plan:
- Buy zone to watch: $62,200–$63,000
- First sell target: $65,300
- Second target: $67,200
- Extended target: $70,400
🟢 For buyers: It’s best to wait for a clear rebound from the buy zone and avoid chasing the price.
⚠️ A daily close below $62,100 weakens the recovery scenario and could open the way toward $60,200.
My view: Bitcoin is approaching a zone worth watching, but I’d prefer to see buyers defend support before entering. A good opportunity isn’t just a lower price, but the ability to regain strength.