Bitcoin Could Test $107K Support as Oversold Signals and On-Chain Bands Suggest Possible Rebound to $114K–$116K
The post Bitcoin Could Test $107K Support as Oversold Signals and On-Chain Bands Suggest Possible Rebound to $114K–$116K appeared on BitcoinEthereumNews.com.
Bitcoin price outlook: BTC is trading near $108.5K with oversold momentum—RSI ~33.8—suggesting a likely short-term relief bounce to $114K–$116K if $107K–$108K support holds; a drop below $107K raises the risk of a deeper move toward $98K–$100K. RSI near oversold at 33.81 suggests waning selling pressure and a possible rebound. Key support: $107K–$108K; strong downside band: $98K–$100K; resistance near $112.2K and $114K–$116K. On-chain realized price bands show $112,200 resistance and $98,700 support, crucial for short-term direction. Bitcoin price outlook: BTC near $108K with oversold signals; watch $107K support — read actionable levels and short-term targets now. Bitcoin faces pressure near $109K as analysts note oversold signals, $107K support, and on-chain bands for the next decisive move. Bitcoin shows bullish divergence with RSI near oversold, raising chances of a rebound toward $114K–$116K if support holds. Analyst Javon Marks sees potential for a reversal to $123K, while Cas Abbé flags $98K–$100K as the next strong support. On-chain realized price bands show $112.2K resistance and $98.7K support, crucial levels for Bitcoin’s short term outlook. Bitcoin is at a key point as analysts weigh potential recovery targets against growing downside risks. At the time of writing, BTC was priced at $108,480 having declined from fresh highs around $118,000. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin price outlook shows near-term uncertainty: momentum indicators signal oversold conditions, increasing the chance of a relief bounce…
