In the last cycle bitcoin dropped about 5 times to the 21 weekly, 3 out of the 5 times the weekly RSI hit about 53. In fact to start the bullrun last cycle we started off the 21 weekly exactly the same as this bullrun
The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking and selling there bitcoin we can prepare for the next long.
If the price comes back down to 44000 and the weekly RSI hits 53 and we get strong signs of reversal it could be an amazing entry.
The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking and selling there bitcoin we can prepare for the next long.
If the price comes back down to 44000 and the weekly RSI hits 53 and we get strong signs of reversal it could be an amazing entry.