The Bitcoin weekly RSI is at oversold territory, which is extremely rare that it only happens at bear market bottoms. Also sitting at the 200-week EMA. What we want: close above that. Otherwise it raises the possibility of more pain.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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