Bitcoin’s Bullish Divergence: Hopes of $123K Rebound Amid Market Weakness

Despite Bitcoin facing pressure near $109,000 and analysts citing oversold signals and support levels, a bullish divergence with the RSI is sparking optimism. The potential for a rebound to $114,000-$116,000 emerges if recent support holds. Experts see an opportunity for a reversal to $123,000, while others anticipate a correction towards $98,000-$100,000 as potential support areas.