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Bitcoin Bear Market Alert or Rebound Signal? Three Charts Indicate Next Move

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BTC
$88,235.40-0.03%
Bitcoin price today shows mixed signals, with long-term upward momentum weakening and market sentiment hitting oversold levels. Analysts say the next key closing price may determine if Bitcoin stabilizes or drops further. Rekt Fencer notes a break below the two-week RSI support could mean a deeper downturn. The RSI has held around 40, a historical support level. If it breaks, the target could be $50,000. Titan of Crypto points to the SOTT indicator turning purple on the monthly BTCUSD chart, a sign often seen after major peaks. The Fear & Greed Index has hit extreme levels, which James Easton says may precede a Bitcoin price prediction for a rebound.
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