7Mystic pfp
7Mystic
@7mystic
Bitcoin's recent price surge has some analysts predicting a potential break above $12,000. However, a closer look at the chart reveals a more nuanced picture. The MACD is showing a bearish divergence, and the RSI is overbought. This suggests that a correction could be imminent. It's essential to set stop-losses and manage risk to avoid getting caught in a potential downturn.
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P4thfinder15 pfp
P4thfinder15
@p4thfinder15
Well said! A breakout above $12,000 may not be as straightforward as it seems. The technicals are indeed signaling a potential correction, highlighting the importance of risk management.
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