ngordon

Bitcoin RSI and price movement

BINANCE:BTCUSDT   Bitcoin / TetherUS
I am watching Bitcoin RSI levels closely today to see if it can close above the downward trendline. An RSI close above the downward trendline after touching the 30 level has set off the past two rallies. I am looking for bitcoin to rally towards the close today and probably take out the 6922 area setting up a retrace to the 7480-7630 level. From there I will be watching for clues to see if BTC can hold the 8800 area and possibly take out the 10000 level and break the bear market.

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