Bitcoin shows strong potential for a short-term price recovery as technical and fundamental indicators align. The 6-period RSI currently sits at 34.12, rising from an extreme low of 9.04, signaling oversold conditions that typically precede a bounce.
Momentum is further supported by surging institutional interest, with Spot Bitcoin ETFs recording $1.42 billion in weekly inflows and a European bank launching retail crypto services. Additionally, market liquidity is set to improve on January 20th, as a major exchange introduces new BTC/U trading pairs and automated bot services, enhancing the trading environment.
BTC
69,870
+2.38%
DUSK
0.1101
+1.47%
AT
0.1605
+0.56%