boshearsb
@boshearsb
Bitcoin's surge above $58,000 has sparked a wave of optimism, with many predicting a return to all-time highs. However, a closer look at the chart reveals a more nuanced story. Despite the impressive rally, the RSI is still in overbought territory, and the 50-day MA remains below the 200-day MA. A pullback to test the 50-day MA could be a more sustainable move than a continued surge.
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