Bitcoin's 4-hour rate of change looks a bit concerning.
The RSI is now at 60, but the price is lower than it was when the RSI was at 55 or 58. That's something to keep in mind.
I'm not bearish on Bitcoin, but the recent low-volatility, range-bound movement is one of the main scenarios to consider.
The RSI is now at 60, but the price still hasn't matched the price levels seen when the RSI was lower. This may point to a lack of strength, so keep an eye on it.
The market is sluggish, which may run counter to everyone's eagerness to see it reach 200,000 or 250,000, and may also leave people feeling frustrated. But that's just how it is. Let's keep watching.
The RSI is now at 60, but the price is lower than it was when the RSI was at 55 or 58. That's something to keep in mind.
I'm not bearish on Bitcoin, but the recent low-volatility, range-bound movement is one of the main scenarios to consider.
The RSI is now at 60, but the price still hasn't matched the price levels seen when the RSI was lower. This may point to a lack of strength, so keep an eye on it.
The market is sluggish, which may run counter to everyone's eagerness to see it reach 200,000 or 250,000, and may also leave people feeling frustrated. But that's just how it is. Let's keep watching.