#Биткоин at the crossroads: where will the price go #BTC ?

The Bitcoin (BTC) market faces conflicting signals: the RSI indicator offers two opposing scenarios - a rise of the cryptocurrency to 119,000 dollars or a fall to 95,000 dollars.

We explore what is happening in the Bitcoin (BTC) market and what to expect from the cryptocurrency's price.

Market sentiment for Bitcoin has become ambiguous

Bitcoin (BTC) faces two opposing scenarios as the RSI (Relative Strength Index) sends conflicting signals. According to analyst Ali, in the last two instances when the weekly RSI fell below the 14-period moving average, Bitcoin corrected by 20-30%.

If the price holds in this area and bullish divergence on the RSI is confirmed, a bounce back to 119,000 dollars will be justified. This will require confirmation of volume, moving averages, and daily closes above key levels to reduce the risk of false signals.