The observation of the elevated Bitcoin price on the Relative Strength Index (RSI) suggests the potential for a negative reaction in the future. Projecting a possible short position at 44,170, with an anticipated decline of approximately 5%, constitutes a plausible scenario.
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.