Bitcoin Eye $114K–$116K if $107K Support Hold
Bitcoin dey trade aroind $108.5K wit technical indicators wey dey point say market don oversell. The RSI dey about 33.8, mean say di selling pressure dey reduce and small correction fit happen go $114K-$116K if di $107K-$108K support zone hold gidigba. On-chain realized price bands show immediate resistance for $112.2K and strong support near $98.7K. If e break below $107K, e fit trigger deeper corrections go $104K-$105K and finally di $98K-$100K band. Di MACD histogram still dey negative but e dey shrink, e reinforce di recovery story. Analyst Javon Marks believe say full reversal fit happen reach $123K if Bitcoin fit reclaim $112.2K and break pass $120K, but sustained momentum go really matter. Traders suppose dey watch order-book liquidity around support and resistance levels, dey monitor di rising RSI and shrinking sell-side volume for confirmation, plus maintain strict risk management. Key levels to watch: support @ $107K-$108K, resistance @ $112.2K and $114K-$116K, and downside floor @ $98K-$100K.
Bullish
Bitcoin RSI near 33.8 and di MACD histogram dey contract show say di selling pressure dey reduce, wey dey usually happen before small short-term rebounds—same like di 2021 rallies wey start from oversold levels. Di $107K support dey match with historical on-chain price bands, and if e fit reclaim di $112.2K resistance and break pass $120K e go confirm say di uptrend dey big. Even though if e no hold di support fit cause deeper correction, di current oversold condition and on-chain support mean say bias still dey for bullish side for near term. Traders still need manage risk around key levels. For long term, Bitcoin recovery patterns after oversold dey reinforce positive outlook.