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The RSI is currently at an interesting level. Historically, bullish trend remains when RSI stays above its MAs, and the trend turns to bearish when RSI falls below.
Bullish turning point: RSI attempts at MA cross over from above and holds
Bearish turning point: RSI attempts at MA cross over from below and fails
We like using the 2D RSI for BTC trends. Currently, the RSI is showing signs of a bearish reversal. In order for the bullish trend to remain, BTC's next push to the upside needs to be strong enough for the RSI to break above its MAs (eg. similar to June 2019).
How likely do you think we are getting a strong upward momentum soon? All thoughts and critics are welcomed!
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