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$BTC $ETH Current hourly price: around 117,254 USD
Conclusion from two recent analyses:
Based on TradingView ideas:
If BTC makes a "critical" rebound from the 20–22-year RSI—which often means a bounce-back—then common resistance targets include 120,000–123,000 USD. These are referred to as Fibo extension or channel targets.
Specifically, buy trigger is 120,000, first target is 130,000 USD; invalidation or bearish signal is a drop below 114,850 USD towards a deeper retracement.
On the other hand, some bearish / corrective setups are also visible:
For example, according to Elliott Wave Perspective, downside targets could be at 112K, 110K, and 106K if correction starts.
Another complaint/analysis says—“main target around 103–105K” in the down correction, if worse comes to worse it could go to deeper correction.
In short, the next possible location of “RSI-18 critical conditions”:
If the market rebounds from RSI-18 (returns from oversold) → First target: 120K, then 123K, and if more momentum is evident → It can go up to 130K.
If the market enters a correction and RSI-18 does not gain strength from below → In the case of a downward fall, the target can be 112K, or 110K and 106K if deeper.