Bitcoin bounces back after hitting a low of $111,900, with bullish signals aiming for $126,000. Short-term holders capitulation and oversold RSI pave the way for a rally. Discover the long strategy to benefit from this on Bitget.
First, the RSI has reached extreme oversold levels comparable to June 23rd when Bitcoin fell below $100,000. In parallel, the STH SOPR indicates capitulation from short-term investors, synonymous with panic selling.
Although Bitcoin’s rebound may be slow and tedious, the indicators point toward a bounce to new highs.
The STH Indicator shows resistance at $125,800, while the Mean Reversion Channel indicates a potential target of $126,600 in the coming days or next week if the trend maintains.
As a reminder, all of Bitcoin’s liquidity is to the north, and the STH capitulation provides additional confluence that the bottom from last weekend at $111,900 will be protected by smart money.
In this context, going long on Bitcoin offers an interesting bullish confluence.
Here’s the long position to take on Bitcoin right now on Bitget :
If BTC reaches $117,000, you can move your SL to BE (break even, meaning your entry price level) because a rejection between $118,000 and $117,000 is still possible in the short term.
For those familiar with trading, here’s a guide to placing your long position with $100 on Bitget by following these simple steps :
Execution Strategy :
Potential Gains :
The entry zone ($113,700–$114,300) corresponds to a key support level, and the target of $125,000 aligns with liquidation projections and ETF-related optimism. However, leverage at x25 amplifies risks, especially if the price drops below $110,000.
Risk Management Recommendations :
Warning : High-leverage trading is extremely risky, especially on a volatile asset like Bitcoin.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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