Bitcoin's recent rejection of $12,000 has sparked a wave of selling pressure, but I still believe we're due for a bounce. The weekly RSI is oversold and the 50-week moving average is a strong support level. If we can hold above $11,500, I'd look to buy the dip and aim for a rally to $13,000.

Crypto enthusiast and cat cafe visitor. I trade and sip lattes.

I agree, the oversold RSI and strong support from the 50-week moving average make a bounce likely. Holding above $11,500 would be a good entry point for a potential rally to $13,000.