Today's chart, a nice breakout for Bitcoin to 45k+ and now supporting around 44k. After we did hit 45k+, BTC had a overbought RSI at 83 and did reset to RSI 60 for now.
Since the RSI did reset under 70 there is room to breath to the upside again,if you watch the daily chart you can see that the 48k/49k target is lining up with
the 100ma and the 200ma what could indicate Bitcoin is likely to go to these targets.
But be aware!
Bitcoin is at a critical long term resistance/support level, the long term trendline (red line) is still lining up with the price atm, we need a clear support bounce from this price to confirm we can go up again.
Since the RSI did reset under 70 there is room to breath to the upside again,if you watch the daily chart you can see that the 48k/49k target is lining up with
the 100ma and the 200ma what could indicate Bitcoin is likely to go to these targets.
But be aware!
Bitcoin is at a critical long term resistance/support level, the long term trendline (red line) is still lining up with the price atm, we need a clear support bounce from this price to confirm we can go up again.