Bitcoin weekly outlook:

The Stochastic RSI indicator is trading at deeply oversold levels right now. If BTC can push decisively above the 20 mark, we'd likely see a reversal in momentum kicking in. That's where my radar is on – targeting at least a B-wave rally from there.

That said, the possibility of another swing low forming in wave-a structure is still very much in play. Price action over the next few candles will be crucial. Watch that 20 RSI level closely – a clean break above could open the door to some real upside moves.