Bitcoin May Form Local Bottom with Oversold RSI, Signaling Possible Rally to $100K

Nov 29 2025 bitcoin


Bitcoin is showing signs of forming a local bottom as its RSI approaches oversold levels on the weekly chart, with whale investors opening long positions amid extreme fear in the market. This setup could trigger a relief rally targeting the $100,000 to $110,000 range in the near term. RSI nearing 30: The weekly Relative Strength [...]

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