✅✅ Bitcoin price analysis:✅✅

1. **Trend Line Analysis:**

- Left side trend line: Represented resistance during the last bear market and turned into support during the previous bull market.

- Right side trend line: Drawn using similar historical data, indicating BTC moves on a similar pattern. It touched the trend line, acted as resistance, then dumped, and broke the trend line to become support.

2. **RSI Indicator:**

- Relative strength index (RSI) indicator shows Bitcoin moving towards the purple zone, indicating potential overbought conditions on the weekly chart.

- Three circles on RSI compare the current market situation with previous market situations.

3. **Market Sentiments:**

- Mixed sentiments in the market.

- Number of BTC leaving exchanges at its highest, suggesting increased hodling behavior.

- Halving event completed, reducing volatility.

- Market may be becoming more mature.

Overall, the analysis suggests a potential downward movement in the coming weeks to retest the support line based on historical data. However, market sentiments are mixed, and the behavior of BTC leaving exchanges indicates increased hodling, potentially contributing to price stability.

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