Macro view on BTC based on weekly RSI levels
The weekly RSI is at a level which has historically been a resistance zone. Price typically corrects after the RSI reaches this level by about ~30%. This is significant because of the number of times we see a price correction when the weekly RSI is in the red highlighted zone. A correction here would be healthy with a pullback to 12.5-14k a real possibility. Afterwards we prepare for further upwards movement!
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