Bitcoin Weekly Chart - Simple Analysis
Looking at the history of Bitcoin, I've noticed a clear pattern - the 53 RSI is the bear/bull line on the weekly chart. Historically, we can see that as long as Bitcoin holds above the 53 RSI, BTC is bullish. We are currently holding at 54. Keep in mind, the RSI line could bounce up from here only to fall back into the same range in the next weeks and months. This is not a price prediction.
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