Bitcoin Rejected at $67K: Oversold Conditions Persist

Bitcoin faced its second rejection near the $67,000 resistance level, increasing the risk of further declines. The weekly stochastic RSI indicates Bitcoin is oversold but suggests the bottoming process could last several months.

This pattern mirrors previous cycles where oversold conditions persisted before a final bear-market low was reached.

Bitcoin must reclaim and hold above $67,000 to avoid continued downside pressure and signal a potential recovery.