The price has moved a lot, and in the last 2 days we have had a micro downtrend on lower timeframes, reaching a new fractal zone of the price between 23915 - 24250.
The RSI has reached oversold levels on the 1H chart, and the current price is below the 21- and 42-period Moving Averages.
At the moment it is a good price level for a new upturn, but it is not...
BTC has formed a bottom above 23350 which could be a considerable upside bottom. However, a new bullish configuration is not yet clear or evident, and we cannot rule out a new resumption of seller control and price equilibrium; Until then, buyers in control of the price
In the last few days of February, BTC broke several resistances and consolidated at around 24000 - 25250, and this is the current resistance of a possible new high
