BTC daily zoomed in to take a look at the RSI as well as some key areas of support. The RSI is as oversold as it was 6 months ago, it could drop a bit more but lets see if it can get some buy pressure. I have listed the major areas of support as well as showing the RSI and DeMark 9 Inidcators. In order to really move up, we need HUGE buy volume candles or we could retest 17K range and even dip to 13K-10K but if that happens, its going to wick and be bought up and it will rebound but thats only a possibility... regardless, im bullish for the next 10 months for sure!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.