Bitcoin Price Forecast: Weekly RSI Indicates Oversold Conditions – Could This Signal the BTC Low Before Reaching $100K?

Bitcoin is currently priced at $90,733.75, reflecting a decrease of 0.85% over the last 24 hours, accompanied by a substantial trading volume of $53.3 billion. As the leading cryptocurrency globally, Bitcoin holds a market capitalization exceeding $1.81 trillion, backed by a circulating supply of 19.95 million BTC.

With approximately one million coins remaining until the hard cap is reached, each macro dip raises a recurring question: is this the ultimate bottom prior to the next surge towards $100,000?

Bitcoin (BTC/USD) Testing Significant Weekly Levels

The weekly chart for Bitcoin indicates that the market is attempting to stabilize following a three-week downturn. The price has rebounded from the $91,651 Fibonacci 0.236 level, creating a candle with a long lower wick, which serves as an initial indication that selling pressure is diminishing.

BTC continues to adhere to the long-term ascending trendline that has directed the market since early 2023, maintaining the overall pattern of higher lows.

Bitcoin is sustaining the $91K support as the weekly RSI reaches oversold levels. A close above $98K could reopen the pathway toward $103K and $108K. The trendline from 2023 remains intact.#BTCUSDT #Crypto pic.twitter.com/EVyJ8bmkLJ

— Arslan Ali (@forex_arslan) November 29, 2025

Nonetheless, Bitcoin is still below the 20-week EMA at $105,528, a level that often delineates the distinction between short-term recovery and confirmed trend continuation.

The current formation resembles a developing falling wedge, a pattern that frequently precedes significant bullish reversals once the upper boundary is breached.

Bitcoin (BTC/USD) Oversold RSI and the Path Toward $100K

The price forecast for Bitcoin is likely to become bullish as BTC’s weekly RSI currently stands at 39, indicating oversold conditions. This zone has historically coincided with major long-term accumulation phases. If Bitcoin can maintain the $91K–$92K range, the next significant challenge will be at $98,279, where previous support intersects with the 0.382 retracement.

A breakout above this area would confirm a change in trend strength, enabling BTC to approach $103,574 and the critical 20-EMA at $105,528.

Bitcoin Price Chart – Source: Tradingview

Surpassing that level could lead to increased upward momentum. Technical models and wedge-break projections indicate that BTC may aim for $108,845, with the broader range of $115,000–$126,000 becoming accessible if buyers regain substantial control.

Key upside markers:

• $98,279: Momentum shift zone
• $103,574: First technical clearance
• $105,528: Weekly 20-EMA retest
• $108,845+: Bullish continuation region

BTC Outlook: Is the Bottom In?

A favorable long setup emerges on a weekly close above $98,279, with $91,000 serving as the risk threshold. This trajectory could propel BTC toward $103K, $108K, and ultimately $115K, particularly if sentiment strengthens in early 2026.

For presale participants and long-term investors, the current oversold condition may represent the initial phase of Bitcoin’s next significant expansion cycle, paving the way for another attempt at the elusive $100,000 milestone.

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