Why is BTC dumping? 🔔 ‼️ 🚨 Soon! 🚨 ‼️ 🔔

1. **Price Action**:

- Bitcoin's price fluctuates around $60,000 based on the simulated data. This is close to its current live price of $60,297.

2. **Moving Averages (SMA)**:

- 50-Day SMA: This is a short-term indicator that helps identify the immediate trend. If the current price is above the 50-day SMA, the short-term trend is generally bullish.

- 200-Day SMA: This is a long-term indicator. If the price is above the 200-day SMA, it signals a bullish trend. A "Golden Cross" (50-day crossing above 200-day SMA) is very bullish, while a "Death Cross" (50-day crossing below 200-day SMA) signals bearish conditions.

Since I simulated the data for the last 30 days, there isn’t enough for a full 50- or 200-day SMA. However, real-time analysis would compare these moving averages to understand market momentum.

3. **Relative Strength Index (RSI)**:

- RSI is a momentum oscillator that measures the speed and change of price movements.

- Above 70: The asset is considered overbought, signaling a potential pullback.

- Below 30: The asset is considered oversold, signaling a potential buying opportunity.

Based on the simulation, you can watch the RSI values to gauge if Bitcoin is overbought or oversold. If RSI is close to 70, there's a higher probability of a correction soon, possibly toward $50,000.