Bitcoin price analysis - RSI shows a strong possibility of bounce
After falling for the last 72 hours (which is in line with my previous analysis), Bitcoin price seems to have stabilized a little bit. Current RSI level (green oval) shows that the bounce is possible because BTC is oversold right now. I would expect it to bounce to 6700 levels before proceeding to the 5900-6000 "bounce zone" (yellow lines):
Note: I do not provide any financial advice. Take any action at your own risk.
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