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Bitcoin Weekly Timeframe Price Overview 05 May 2021

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Bitcoin long term trend is highly debatable topic. On the chart I've found quite interesting relation on RSI oscillator - price making big rebound after reaching RSI zone 60-50-47. During whole 2016-2018 bull run price 4-times rebounded upside with RSI in mentioned zone.
At the momement RSI value approaching 60, which means we about to see big rebound upside.
Stay positive and stay out of huge risks.

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