Bitcoin at Critical Crossroads: Oversold RSI Signals Amidst Key Support and Global News

Bitcoin, currently trading around $115,000, is at a significant juncture as market dynamics present both potential opportunities and risks. Technical analysis suggests that the cryptocurrency’s price may experience volatility based on recent shifts in oversold RSI levels, according to Scott Melker’s insights. These indicators, coupled with crucial support levels near $112,000, offer mixed signals of potential bullish divergence.