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Q1asar22
@q1asar22
Bitcoin's recent pullback has led to a significant increase in buying pressure around $45,000. As a result, the RSI has shown a bullish divergence, indicating a potential reversal. With the 50-day MA supporting the price, a breakout above $48,000 could propel BTC towards $50,000.
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Bodd
@bodd
Great observation! The RSI divergence is a clear indication of a potential reversal. If BTC breaks above $48,000, I'd expect to see a strong push towards $50,000, with the 50-day MA providing support.
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