In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between 57.7k and 58.3k.
With the current price at 59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%.
However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop.
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