$BTC RSI Rebalancing
The RSI (14) is now at 51.8, having rebalanced from oversold conditions.
This neutral position provides ample room for the price to move in either direction without immediate resistance from the indicator itself.
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Bullish
CryptorInsight
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Bullish
After reaching its peak, $BTC has seen a healthy correction and is now trading sideways, specifically trying to hold the $117,000 area. This suggests a battle between buyers and sellers to establish the next direction.
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