BTC dip end is near: Approaching oversold conditions
Currently down 33% from its yearly high, Bitcoin still has some room left to fall. With momentum approaching oversold conditions, we today look at our 2016 comparison from last week to see if the similarities are still in play. This is the BTC analysis for 17 July 2019
Highlights:
- We look at 2016 comparison again
- Daily RSI approaching oversold conditions
- $10,000 resistance
- $8,400 main target
Currently down 33% from its yearly high, Bitcoin still has some room left to fall. With momentum approaching oversold conditions, we today look at our 2016 comparison from last week to see if the similarities are still in play. This is the BTC analysis for 17 July 2019
Highlights:
- We look at 2016 comparison again
- Daily RSI approaching oversold conditions
- $10,000 resistance
- $8,400 main target