Bitcoin Near Oversold Levels: Will Buyers Stop the Bear Market?

Bitcoin is facing strong resistance at $95,291.99, struggling to reclaim key Fibonacci levels and reinforcing the bearish trend. The RSI currently sits at 28.28, indicating oversold conditions, but downtrend persists unless significant buying pressure emerges near $86,447.48. A brief bounce towards $90K – $93K is possible but a retest of $86K seems likely before any major reversal can take shape. 📊 DataDash analysis shows Bitcoin surpassing the 0.382 Fibonacci retracement level after a sharp price dip. The current price, around $88,949.99, suggests short-term selling pressure is waning.