BTCUSD regressing to mean
BTCUSD bounced off the current regression channel and regressed to mean. If this trend continues it will look like illustrated. Based on the volume profile from the previous uptrend when BTC crossed $24,000, my next serious support would like around $23,500.
While on-chain data shows room for this trend to continue, RSI is showing oversold on 1D.
While on-chain data shows room for this trend to continue, RSI is showing oversold on 1D.
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