Bitcoin looks like it will stabilize around the $59,200 level
Bitcoin has been overbought on all of the lower time frames for quite some time It was only a matter of time before these charts had to reset currently the daily has reset But we may need to reset the 2-day and the 3-day chart as well before pushing back up significantly we will have some volatility in the meantime I'm looking at all of this happening over the next 5 to 10 days and we'll see where we fall from there there's a potential chance we either attempt to break that blue line or green line in the next 5 days The daily RSI in the 4-hour RSI or both at levels that we can't turn around from but based on the level of the two-day I would expect us to at least drop down to the press ion maybe start moving backup significantly
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