In last few weeks, we see a clear channel for BTC in between 200 EMA ( upper limit ) and 200 MA ( lower limit ) as per weekly chart. In this bear market, we still don't see any catalyst to attract high volume. This is a bad sign for crypto market. RSI is also high as of now and it's nearing oversold area. This is similar to where BTC stuck around 6xxx range for many weeks and BTC dropped much. I think same thing will happen again in upcoming weeks. We will see new lower values like $2600 or even $1800.
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Correction: **** RSI is also high as of now and it's nearing overbought area
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Interesting days to watch upper line. BTC is touching 200 EMA of weekly line.