BitcoinLong
BTC: Bitcoin vs the 20W MA + Weekly RSI Breakout
BTC is currently contesting the 20-week MA (white) as resistance. A weekly close above it would then contest the 200-week MA (red) at around 24K.
The weekly RSI has also broken both downtrend lines of resistance, depending on how you draw it.
Bearish only if BTC gets a weekly close below 17.6K
The weekly RSI has also broken both downtrend lines of resistance, depending on how you draw it.
Bearish only if BTC gets a weekly close below 17.6K
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.