$BTC If the monthly RSI of Bitcoin can rise above 70 at the | Jojo Wayeko on Binance Square

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$BTC  If the monthly RSI of Bitcoin can rise above 70 at the close, the bull market will resume.The monthly RSI is currently approaching the RSI-based moving average, which seems to be slowing down the situation.
It is also worth noting that the RSI-based moving average is starting to decline. This usually happens before the beginning of a bear market.

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#BTCPrediction Bitcoin is expected to remain volatile over the next 24 hours, influenced by global sentiment, interest rate outlooks, and inflation data. It’s hovering near key support, with the 50-day moving average offering some stability. Continued bullish momentum could push it toward recent highs, while stronger selling might drive it to lower support levels.

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$BTC Its effects impact the entire global economy, not just America. The people who work in the stock market and banks, and even those who follow gold and dollar prices, are all waiting to see what will come out. Will they raise the interest rate again? Or will they keep it as it is? These days the economy is volatile, and many people are afraid of a recession. Let's see what America says, because its word shakes the entire market.

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