Bitcoin is currently following the bullish (green) scenario. The 1H RSI is overbought, and the 4H RSI is already above 70, so I'm closely watching the price action. A local correction would be logical before a potential move up toward the resistance zone at $118,319–$120,179.
If the price drops back below the $115,000 level, I’ll be looking for a decline toward the support zone at $112,300–$110,400.
If the price drops back below the $115,000 level, I’ll be looking for a decline toward the support zone at $112,300–$110,400.
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✅My Telegram
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.