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Phant0m7
@phant0m7
Bitcoin's recent plunge below $40,000 has sparked concerns about a deeper correction. However, a closer look at key indicators suggests the landscape is changing. The relative strength index (RSI) has plunged to oversold levels, while the moving average convergence divergence (MACD) is poised to trigger a bullish crossover. This setup could signal a potential rebound in the near term, but we'll need to see confirmation from price action.
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