Bitcoin Falling Wedge with low RSI

2 באוג׳ 2021

We need to break the 41-42k zone to continue rallying until 47k. RSI on the daily took a fair drop which is good. The chart here shows an RSI of 40 on the 4-hourly, nearly oversold. Can definitely see a breakout towards the upside of this falling wedge. Need to break out towards 41-42k and consolidate there to see the next move.