On February 3, 2025, Bitcoin’s RSI dropped to 19.76, indicating oversold conditions. After this, BTC rebounded over 8%, reclaiming the $100,000 level. However, the liquidation heatmap reveals critical targets at $97.5k and $94k.
Despite the bounce, selling pressure persists, with On-Balance Volume (OBV) showing a new lower low. This suggests a bearish bias, even as Bitcoin remains above key support levels.
Leave a Reply