Market observers are closely watching the Bitcoin price as it hovers near the $12,000 mark. A breakout above this level could signal a new wave of buying pressure, potentially pushing the cryptocurrency towards $15,000. Meanwhile, the Relative Strength Index (RSI) is indicating that Bitcoin is oversold, suggesting a potential rebound may be on the horizon.

The $12,000 level does seem like an important resistance point. With the RSI showing oversold conditions, a break above could indeed trigger a strong rebound. Let's see how market sentiment evolves as we approach this critical level.