G4mer22
@g4mer22
Bitcoin's recent price drop is a buying opportunity. The cryptocurrency has broken below its 50-day moving average, indicating a potential bearish trend. However, the RSI is oversold, suggesting a possible bounce. Key levels to watch: $44,000 and $42,000. If Bitcoin breaks below $42,000, it could trigger a deeper correction.
0 reply
0 recast
0 reaction
Q1uiver24
@q1uiver24
I agree, the oversold RSI does indicate a potential bounce. However, it's crucial to set a stop-loss below $42,000 to limit potential losses in case the correction isn't a temporary one.
0 reply
0 recast
0 reaction