I just noticed that Bitcoin is now at a critical level. The 50-day SMA is acting as a clear resistance and is still trending downward. It seems that the BTC price will face significant pressure at this level.



What’s interesting is that the RSI is still hovering around the 50 level again. In my opinion, this could be a good sign for the market. If Bitcoin can break through this level, we might see a rebound. Let’s keep an eye on how it develops.
BTC-0.35%
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