Key Takeaways:
Bitcoin’s RSI (14) hit 30 on June 11, 2026, the lowest reading since November 2018, signaling deep oversold conditions. BTC rebounded 2.3% from a $60,914 session low, but 13 of 15 moving averages still show bearish signals.Traders watch a 4-hour close above $64,000 as the trigger for a potential move toward $66,000–$68,000 resistance.The 1-hour chart shows the clearest structure of the three timeframes analyzed. Price formed a series of higher highs and higher lows after establishing a low near $60,700, with buyers controlling intraday momentum throughout the session.
The key test on this timeframe is a break and hold above $63,500–$64,000, which opens targets at $65,000, $66,000, and $68,000. A rejection near $64,000 followed by a loss of $61,500 would reopen the path toward $60,000 and a retest of the $59,100 critical support. Probability weighting from the multi-timeframe analysis puts consolidation between $61,000–$64,000 at 45%, a breakout toward $66,000 at 35%, and a retest of $60,000 at 20%.
Daily Chart: Bearish Structure Intact, Relief Rally Underway
