Bitcoin is currently in a downtrend with oversold conditions. The price has dropped significantly from recent highs, creating potential buying opportunities near support levels.
Current Market Situation
Bitcoin is trading at $90,050, down 5.3% in 24 hours. The RSI at 12.5 indicates extreme oversold conditions, which often precedes a bounce.
Technical Indicators
Price is below both 20-day ($92,458) and 50-day ($94,087) moving averages, confirming the downtrend. High trading volume suggests strong selling pressure.
Support and Resistance Levels
Recent local lows around $91,679 provide support, while resistance sits near $95,656. The current price is testing lower support levels.
Trading Strategy
With extreme oversold conditions, consider buying near support levels for potential short-term recovery. Set stop-loss below recent lows to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 91678.93 USDT
Sell Price: 95656.21 USDT
Key metrics
| Price | 90050.0000 USDT |
| 24h Change | -5.32% |
| RSI(14) | 12.48 |
| SMA20 / SMA50 | 92457.85 / 94086.90 |
| Daily Volatility | 2.64% |
| Sentiment | Bearish |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
