“RSI runs low, markets start to glow — will Bitcoin rise or take a deeper blow?”
Bitcoin is once again under pressure, with its price falling to around $86,000, stoking concerns about a further collapse. A confirmed bear flag breakdown on technical indicators suggests a potential 21% drop to $67,700.
Source: TradingView
Traders are keeping a careful eye on this pattern, which is one of the most potent bearish signs in cryptocurrency.
BTC/USD Table
| Indicator | Value |
| BTC Price | $86,000 |
| Bear Flag Breakdown | Confirmed below $90.3K |
| Market Cap | $1.72 Trillion |
| RSI | 39.57 (near oversold) |
| Volume (24h) | $62.71B |
| Support zone | $85,000 – $80,000 |
The fact that Bitcoin is currently trading below all significant moving averages, including the 200-day SMA around $109,730, adds to the worry. This indicates a weakening of long-term momentum.
As it approaches the oversold zone, the RSI has dropped to 39.57. An oversold RSI indicates that there is still a lot of selling pressure, even though it can also provide a brief bounce.
After over $564 million in long bets were liquidated in 12 hours due to extraordinarily high leverage and limited weekend liquidity, the market shock intensified.
Fear spread throughout the cryptocurrency market as a result of this liquidation wave, which drove Bitcoin down. Volatility increased as open interest in perpetual futures remained strong.
According to analysts, Bitcoin might yet test the $85,000–$80,000 range, particularly if the market is still affected by macro uncertainty and leverage. However, if buyers return to support levels, some traders anticipate a potential recovery rebound.
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