The BITCOIN RSI indicator is key and hanging by a thread. For Indicator: BTCUSD By TradingShot – Technische Analyze – 2022-12-23 05:02:55

bitcoin ( BTCUSD ) on the 1D timeframe while consolidating RSI Just bounced from the higher lower trend line that started after the FTX crash (November 9th). That’s as tight as it can get in the form of all-year support, when RSI It broke below the higher lows, and the price dropped aggressively (red areas).

Right now we are at a hiatus or breaking point. Do you think this pattern will continue and break below it? RSI Higher lows will lead to another drop of at least -26% (that would push the price around 13,500) or is it different this time?

Let me know in the comments section below!

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