The case for a Mid-Jan $45k BTC
Bitcoin is showing oversold on the 4 hour chart. A short term reversal can be anticipated based off of the recent RSI trend and its correlation in the recent declining BTC price.
At the point of 'oversold' a fast reversal should be seen. The anticipated price point of 45k (approximate).
The price action will result in an overbought BTC at the 45k mark and it should resume its decline, likely faster than in the last week.
The 45k could become the catalyst for BTC diving below the 40k mark.
Please critique any of the above points.
At the point of 'oversold' a fast reversal should be seen. The anticipated price point of 45k (approximate).
The price action will result in an overbought BTC at the 45k mark and it should resume its decline, likely faster than in the last week.
The 45k could become the catalyst for BTC diving below the 40k mark.
Please critique any of the above points.
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