Bitcoin price ‘lines up nicely’ for $95K drop next despite bullish RSI data

Bitcoin (BTC) stabilized around $107,000 over the weekend, but market sentiment remains bearish, with forecasts suggesting further declines. Trader Crypto Tony suggested that conditions are aligning for another wave down, potentially testing $95,000 or even the $91,000 region before a bottom is found, viewing this sub-$100,000 scenario as relatively 'bullish' given the current outlook. Meanwhile, other analysis noted that BTC held key support around $105,000 following Friday's recovery before the CME close, suggesting stability over the weekend, contingent on positive movement in the stock market next week. Countering the bearish price action, the Relative Strength Index (RSI) data shows a developing bullish divergence on lower timeframes, indicating that sell-side pressure is waning below $110,000, creating a conflict between the bearish sentiment—reflected by the Crypto Fear & Greed Index hitting 'extreme fear' at 22/100—and this positive leading indicator.

(Source：Cointelegraph)