According to previous behavior in 2013, I'm expecting a dip. RSI has been +69.1 for 6 weeks now, just like in 2013.
Lowest point will be around 750-1300.
Lowest point will be around 750-1300.
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Here is my update on how BTC could drop.
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As long as hourly chart struggles with the RSI red line, BTC will stall/dump.
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Chart for previous update.
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Second attempt, note how the RSI is still above 50, so that's a bullish sign.
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Keep an eye on this resistance on the hourly chart: